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WSJBEIJING – China's Ministry of Commerce has made a preliminary ruling to impose tariffs of as much as 36% on certain nylon imports from the U.S., saying the imports have damaged the domestic industry.
Tariffs will also be imposed on such imports from the European Union, Russia and Taiwan, but at lower rates.
The tariffs will affect firms including BASF Corp., the U.S. affiliate of German chemical giant BASF SE, and Honeywell International Inc.'s Honeywell Resins & Chemical LLC, it said.
The move is the latest in a series of Sino-U.S. trade disputes after the Obama administration said in September that it would impose duties of between 25% and 35% on imports of tires from China for the next three years. China followed that decision with probes of potential antidumping measures on U.S. auto parts and chicken.
The preliminary nylon ruling comes a week before senior leaders of China and the U.S. meet at the Joint Commission of Commerce and Trade in Hangzhou, China.
The ruling affects imports of Nylon 6, or polycaprolactam, which is used to manufacture a variety of products, ranging from toothbrushes to gun frames to chiffon. Starting Tuesday, China will require importers to pay deposits on Nylon 6 imports from foreign companies judged to be selling the material in China for less than a fair price....
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The benefits of a trade surplus.