China Launches Anti-Dumping Probe into Chemicals Amid Escalating Trade Tensions with EU on May 18, 2024

May 19, 2024, 02:34 AM

China has initiated an anti-dumping investigation into polyformaldehyde copolymers, a type of engineering chemical, imported from the European Union, the United States, Japan, and Taiwan. This move comes amid escalating trade tensions between China and the EU, with both sides threatening retaliatory measures. The Chinese Ministry of Commerce announced the probe on Sunday, May 18, 2024, highlighting the potential for significant impacts on industries that use these chemicals, which can partially replace metals like copper and zinc. The investigation follows warnings from the Chinese government about potential countermeasures if the EU continues its anti-subsidy investigations into Chinese companies, particularly in the electric vehicle sector. China has specifically mentioned potential retaliation against EU wine and dairy products.