China implements anti-dumping tariffs against synthetic rubber producers
On 10 August 2018 China’s Ministry of Commerce announced plans to implement anti-dumping duties ranging from 23.1 per cent to 75.5 per cent on synthetic halogenated butyl rubber from the United States, the European Union and Singapore starting 20 August 2018.
According to the ministry, the highest rate (75.5 per cent) applies to rubber manufactured by Exxon Mobil and other US companies.
Belgium-based Arlanxeo faces a 27.4 per cent tariff, while Exxon Mobil Chemical and other companies in the EU face 71.9 per cent rates. Arlanxeo Singapore has been hit with a 23.1 per cent tariff and other Singapore firms 45.2 per cent.