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


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.

From other sites
Comments (2)
  • BlueOkie
    , contributor
    Comments (10506) | Send Message
     
    It is what happens when you have a wimp negotiating our treaties with China.
    3 Jun 2014, 08:51 AM Reply Like
  • annimhere
    , contributor
    Comments (81) | Send Message
     
    I guess its good most all US chemical companies have a presence in Europe and other Continents, including Dow.
    3 Jun 2014, 11:01 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs