China to Slap New Tariffs on Nylon

Claiming nylon imports have damaged the domestic industry, China’s Ministry of Commerce is set to impose tariffs of up to 36% for US imports of nylon 6, or polycaprolactam, reported The Wall Street Journal.

 

According to the newspaper, the ministry would require importers to pay deposits on nylon 6 imported from foreign companies that sell the material in China for less than a fair price.

 

Tariffs will also be imposed on nylon 6 from the European Union, Russia and Taiwan, but at much lower rates, said the Journal.
 

Read more on

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern