TAIPEI (Reuters) -Taiwan’s finance ministry said on Friday it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on July 3, citing substantial damage to Taiwan’s industry. The duties on Chinese-made beer will be as high as 64.14% while for steel they will be as high as 20.15%, the ministry […]
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Taiwan to impose anti-dumping duties on Chinese beer, steel for four months
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TAIPEI (Reuters) -Taiwan’s finance ministry said on Friday it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on July 3, citing substantial damage to Taiwan’s industry.
The duties on Chinese-made beer will be as high as 64.14% while for steel they will be as high as 20.15%, the ministry said in a statement.
“These products have caused substantial damage to the domestic industry, and in order to prevent the industry from continuing to suffer during the period of the investigation, the products would be subject to temporary anti-dumping duties,” the ministry said.
China’s Ministry of Commerce did not immediately respond to a request for comment.
China has previously imposed its own anti-dumping duties on some Taiwan-made products, including last month on POM copolymers, a type of engineering plastic.
(Reporting by Roger Tung and Faith Hung; Writing by Ben Blanchard; Editing by Jacqueline Wong and Saad Sayeed)