China's commerce ministry on Sunday said it had launched an anti-dumping investigation into imports of an important engineering chemical from the European Union, the United States, Taiwan and Japan.
Despite targeting $18 billion in imports across new and already targeted sectors, analysts do not expect a major economic impact, assuming Beijing does not retaliate significantly
The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of US manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them
The move comes at the end of a long-awaited review of tariffs that were imposed during a trade war between Washington and Beijing
Beijing's commerce minister dismissed as "groundless" US concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington's Treasury chief on Monday wrapped up a visit aimed in part at addressing the issue
As Yellen arrives in China on Thursday, what issues does she face?
Analysts expect Washington's approach to Beijing will only become tougher, whether Biden or former president Donald Trump wins another White House term
Chinese businesses put emphasis on developing trade relationship with the US against political setbacks
China's commerce ministry on Sunday said it had launched an anti-dumping investigation into imports of an important engineering chemical from the European Union, the United States, Taiwan and Japan.
Despite targeting $18 billion in imports across new and already targeted sectors, analysts do not expect a major economic impact, assuming Beijing does not retaliate significantly
The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of US manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them
The move comes at the end of a long-awaited review of tariffs that were imposed during a trade war between Washington and Beijing
Beijing's commerce minister dismissed as "groundless" US concerns that a surge of low-cost Chinese exports posed a risk to global markets, as Washington's Treasury chief on Monday wrapped up a visit aimed in part at addressing the issue
As Yellen arrives in China on Thursday, what issues does she face?
Analysts expect Washington's approach to Beijing will only become tougher, whether Biden or former president Donald Trump wins another White House term
Chinese businesses put emphasis on developing trade relationship with the US against political setbacks