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China levies anti-dumping tariffs on chemical imports from Taiwan, Malaysia, US

Key Points
  • The anti-dumping tariffs on some chemical products imported from Taiwan, Malaysia and the United States will start on Dec. 29 and last for 5 years, China's Commerce Ministry said on Friday.
Containers stacked at a port in Lianyungang in the northeastern Jiangsu province of China
VCG | Getty Images

China's Commerce Ministry said on Friday it will implement anti-dumping tariffs on some chemical products imported from Taiwan, Malaysia and the United States from Dec. 29.

The product is 1-Butanol, an organic intermediate used for making paints and plasticizer, the ministry said in a statement posted on its website.

The tax rate will vary depending on the supplier. Tax rates of 6 percent and 56.1 percent will apply to products from Taiwan; 12.7 percent and 26.7 percent on supplies sourced from Malaysia; 52.2 percent and 139.3 percent on imports from the U.S.

The anti-dumping tariffs last for 5 years.