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TRADE WARS
China launches anti-dumping probe into imported EU, US chemicals
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.
Beijing said it would probe imports of polyoxymethylene copolymer, a thermoplastic used in everything from phones, car parts, and medical equipment.
The investigation will take a year but could be extended by six months, the commerce ministry said.
The probe follows a number of similar investigations by the EU into China's subsidies for its industry.
Last month, the bloc launched a probe into China's medical devices market over alleged unfair procurement practices.
Beijing said the probe amounted to "protectionism" and warned it would harm the EU's image.
It also follows sharp hikes in US tariffs on Chinese imports like electric vehicles and semiconductors.
