China levies anti-dumping duties on chemical from U.S., Europe

|By:, SA News Editor

China levies anti-dumping duties on a chemical imported from the U.S. and EU used in insect repellent and refrigerants, the country's Commerce Ministry says.

A tax of 71.8% will be imposed on exports of the chemical by U.S. companies, including Dow Chemical (DOW), while the same duties imposed on European exports will be levied 27.6%.

The ministry does not explain why it is targeting this chemical now, nor why there is such a difference in the levies.