Thermoplastics coming from the US, the EU, Taiwan and Japan are sold at prices below fair market value, says Beijing.
China has launched an “anti-dumping” investigation into chemical imports, in what appears to be a response to trade barriers introduced by the EU, the US and other countries.
Polyoxymethylene copolymer, a plastic widely used in electronics and cars, is being sold at an unfairly low cost in China, therefore causing damage to domestic companies, said China’s Ministry of Commerce.
The investigation will focus on imports from the US, the EU, Taiwan and Japan, and could take up to 18 months to complete.
And just like when Trump did it, this bullshit tariff war is going to hurt consumers of the products, not the demagogues conducting the war.
The big difference is that this time, the EU and other countries have joined in so more regular citizens also get to suffer for the chest thumping of powerful jerks 😮💨🤬
If countries dump things on the open market (electric cars or steel) then industries get destroyed in those countries . When industries get destroyed a lot more people get affected.