China sets antidumping duties on US, Japan resorcinol
BEIJING - The Ministry of Commerce announced Friday that it will impose antidumping duties on resorcinol imports from the United States and Japan, starting from Saturday.
China will levy a 40.5-percent tariff on resorcinol imported from Japan and a tariff of 30.1 percent on that imported from the United States, according to an online statement from the ministry.
The duties will last for five years, the ministry said.
The final ruling came after the ministry found that the domestic industry has been substantially harmed by the two countries' dumping of resorcinol. The ministry has been investigating the issue since March 2012.
Resorcinol, or m-dihydroxybenzene, is an essential component used to manufacture tires and other fiber-reinforced rubber goods.
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