Wednesday, October 21, 2009

China - Government to impose 36% tariff on nylon imports

China will impose tariffs of up to 36% on some imported nylon products to protect its domestic industry from suspected dumping in Beijing's latest manoeuvre amid trade spats with the US. The decision applies to Nylon 6, or polycaprolactam, from the US, European Union countries, Russia and Taiwan. The tariff rate set on US companies is much higher than that for other countries and comes ahead of President Barack Obama's visit to China next month. The ruling is China's latest salvo in trade spats with the US after Obama announced up to 35% duties on China-made tyres, to be imposed for the next three years. The trade disputes will be among topics under discussion at a China-US trade and commerce meeting later this month in the eastern city of Hangzhou. (BT)


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