China to levy anti-dumping duties on rubber product from U.S., South Korea, EU

China will impose anti-dumping duties on a rubber product from the United States, South Korea and the European Union starting December 20, the commerce ministry said on Friday.

After an investigation started in June 2019, China will slap an anti-dumping tariff of 222 percent on the Dow Chemical Company and 214.9 percent on Exxon Mobil Corp for the imports of the Ethylene Propylene Diene Monomer (EPDM), the Ministry of Commerce said in a statement.

Duties ranging from 12.5 percent to 222 percent will be imposed on other companies for the imports of the rubber product.

The EPDM has a wide range of use, being applied to construction, wire, auto industry and transport.

(With input from Reuters)

(Cover via CFP)

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