MK sports Ministry of Commerce Photo: VCG" src="https://www.globaltimes.cn/Portals/0/attachment/2024/2024-10-09/1ce0b73d-6131-4fca-939f-3c5bc70e35e0.jpeg" />The Ministry of Commerce Photo: VCG
China's Ministry of Commerce (MOFCOM) announced on Tuesday it will extend anti-dumping tariffs on hydriodic acid from the US and Japan, effective October 16, 2024, for five years. A review found that removing the tariffs could damage the domestic industry, the MOFCOM said.
Hydriodic acid is a chemical widely used in the manufacturing sector, including integrated circuits.
On October 15, 2018, the MOFCOM announced the imposition of anti-dumping tariffs on imported hydriodic acid originating from the US and Japan, which took effect on October 16, 2018, with a duration of five years. The tariffs were imposed with a duty rate of 123.4 percent for US companies and 41.1 percent for Japanese companies.
On October 15, 2023, in response to a request from the Chinese hydriodic acid industry, the ministry initiated a review of the anti-dumping measures starting from October 16, 2023.
The investigation found that if the anti-dumping measures were terminated, the likelihood of the continuation or recurrence of dumping of hydriodic acid from the US and Japan could persist or reoccur, with a potential harm to the Chinese domestic industry.
The rate for anti-dumping tariffs will remain the same as specified in 2018, the MOFCOM said.