China implements 75 percent tariff on plastic imports from America, European Union, Japan and Taiwan

China on Monday announced that it would implement 75 percent anti -dumping duties on plastic imports from the United States, European Union, Taiwan and Japan. The decision comes after an investigation into alleged dumping practices by the Ministry of Commerce of Beijing which includes widely used plastic in polyphordhyde copolmer, automotive, medical and home appliances industries.The Ministry of Commerce said in a statement released on Sunday, the new tariff effectively effectively effectively effectively effectively effectively managed to effectively from 3.8 percent to 74.9 percent.According to the ministry, the domestic industry is suffering adequate damage due to the dumping of polyphromaldihyde copolmer.According to the announcement on Sunday, plastic imports from the United States will be added to 74.9% tax, while imports from Europe will face 34.5% tax.China determined a 35.5% tax on plastic imports from Japan, except for Asahi Kasei Corp, which received a low rate of 24.5%. Import from Taiwan was mostly reduced to 32.6%, but Formosa plastic was given a rate of 4%, and polyplastic Taiwan was 3.8%, least tax.China has a history of using anti-dumping probes as a leverage in comprehensive trade disagreement. In April, Beijing implemented similar duties on brandy imports from the European Union, causing a setback to the French’s Conyac Industry, which is primarily reliable exports.The latest step indication is that despite the temporary gestures of goodwill, China is ready to flex its business enforcement mechanism in response to alleged unfair practices by major trading partners.This development comes a few days later in the US and China, which agreed to a 90-day deficiency in a broader tariff as part of a temporary Trus in its ongoing trade war. The trade dispute between the world’s two largest economies has disrupted global markets and supply chains for more than a year.