...
  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Monday, May 19, 2025
  • Login
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
  • Entertainment
    • Sports
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
  • Entertainment
    • Sports
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
No Result
View All Result
No Result
View All Result
Home Business & Economy

China Imposes Up to 74.9% Tariffs on U.S., EU, Japan, and Taiwan POM Imports

by Victoria Ogbadu
May 18, 2025
in Business & Economy
Reading Time: 2 mins read
0
china
492
SHARES
1.4k
VIEWS
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

China has imposed steep anti-dumping duties, up to 74.9%, on imports of POM copolymers, a versatile engineering plastic used in auto parts, electronics, and medical equipment, targeting shipments from the United States, the European Union, Japan, and Taiwan.

The move, announced by China’s Ministry of Commerce on Sunday, marks a significant escalation in ongoing global trade frictions and follows a year-long investigation into alleged dumping practices by foreign producers.

The duties, effective immediately, come in the wake of heightened trade tensions, particularly with the United States, which sharply raised tariffs on Chinese electric vehicles, computer chips, and other goods.

China’s commerce ministry stated that the investigation, initiated in May 2024, confirmed that imports of POM copolymers—capable of partially replacing metals like copper and zinc—were being sold at unfairly low prices, harming domestic producers.

Preliminary measures, including a deposit requirement, were introduced in January 2025 after initial findings substantiated the dumping claims.

According to Sunday’s announcement, the highest anti-dumping rates of 74.9% were levied on imports from the United States, while European shipments will face 34.5% duties.

China slapped 35.5% duties on Japanese imports, except for Asahi Kasei, which received a company-specific rate of 24.5%.

General duties of 32.6% were placed on imports from Taiwan, while Formosa Plastics received a 4% tariff and Polyplastics Taiwan 3.8%.

The move comes at a delicate moment in global trade relations. On Monday, the U.S. and China announced a 90-day truce, agreeing to reduce reciprocal tariffs in a bid to de-escalate their protracted trade war.

China’s state-run Global Times argued on Friday that this truce should be extended, citing potential benefits for both economies. However, the new duties on POM copolymers suggest that tensions remain, with China leveraging its trade policies to protect strategic industries.

WHAT YOU SHOULD KNOW

China’s actions underscore its willingness to use trade policy as a tool to assert economic sovereignty, even as it engages in diplomatic efforts to stabilize relations with the U.S. and other trading partners.

ALSO READ TOP STORIES FROM VERILY NEWS

Tags: ChinaEUJapanTAIWANTariffsu.s
Share197Tweet123Share34
Victoria Ogbadu

Victoria Ogbadu

Related Posts

china

Nigeria and China Forge Strategic Alliance for Local EV Production

by Victoria Ogbadu
May 19, 2025
0

In a significant push to deepen bilateral ties and drive Nigeria’s industrial transformation, Chinese Ambassador to Nigeria, Yu Dunhai, has...

NIGERIA

Nigeria commits to strengthening economic and investment partnerships with the United States.

by Victoria Ogbadu
May 18, 2025
0

In a powerful address at the 14th Annual Trade and Investment Summit hosted by the Nigeria-USA Chamber of Commerce (NUSACC)...

SERAP

SERAP Demands Accountability from NNPCL Over Missing N500 Billion Oil Revenue

by Victoria Ogbadu
May 18, 2025
0

The Socio-Economic Rights and Accountability Project (SERAP) has issued a stern call for transparency and accountability from the Nigerian National...

EXPORTS

Nigeria’s Exports to US Drop by 20% Amid Oil Dependency and Tariff Threats

by Victoria Ogbadu
May 18, 2025
0

Nigeria’s export sector faced a significant setback in the first quarter of 2025, with trade data revealing a 20.2% year-on-year...

CITIZENSHIP

Nigeria Launches Online Citizenship and Business Management Platform to Boost Transparency and Efficiency

by Victoria Ogbadu
May 17, 2025
0

The Ministry of Interior has unveiled a groundbreaking Online Citizenship and Business Management Platform, a transformative initiative aligned with President...

Load More
  • Trending
  • Comments
  • Latest
nigeria

FG Rolls Out NAPM Initiative to Curb Rising Food Prices

April 25, 2025
NCAA

NCAA to Sanction Non-Compliant Airstrip Operators From 2026

April 28, 2025
Natasha and Akpabio

Court to Rule June 27 on Senator Natasha’s Suspension Case

May 13, 2025
Rihanna

Rihanna: Vibrant Star Elevating Nigerian Fashion Trends

1
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
NLC

NLC Suspends Nationwide Protest Over Telecom Tariff Hike

0
china

Nigeria and China Forge Strategic Alliance for Local EV Production

May 19, 2025
Wike

I Won’t Contest Against Tinubu in 2027 — Wike

May 19, 2025
Photo of Governor Uba Sani

Poverty, Not Just Banditry, Fuels Northern Insecurity — Governor Uba Sani

May 19, 2025
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
  • Entertainment
    • Sports
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.