China Raising Anti-Dumping Taxes On Textile Products

After the farewell to quotes, experts predicted that anti-dumping taxes would quickly become the new weapon of choice within international trade protectionism, especially in the hands of the United States and the European Union. But a new Chinese anti-dumping tax on polyamide 6/6 products for the textile and plastics industries has shown that others can play that game.

The product (which carries the Chinese customs code 39081011) is mainly imported into China from the United States, Italy, the United Kingdom, Taiwan and France, and the newly imposed anti-dumping tax is broadly seen as a little "thank you" for a recent U.S. import tax on Chinese tires.

For the next five years the Chinese authorities will slap between 5.3% and 37.5% on all imported polyamide 6/6 products, depending on the supplier. British and French suppliers can expect an anti-dumping tax of around 20.9%.

Full story in Danish

News category: Denmark