The Latest: China raises tariffs on optical fiber materials

FILE - In this Wednesday, March 21, 2018 file photo the logo of German car manufacturer BMW is pictured in Munich, Germany. Automaker BMW said Monday July 9, 2018, it will have to raise prices on the U.S.-built SUVs it sells in China due to 40 percent import tax on cars from the United States, in retaliation for higher tariffs on Chinese goods imposed by President Donald Trump.((AP Photo/Matthias Schrader, file)

BEIJING — The Latest on trade tensions between China and the U.S. and other foreign trading partners (all times local):

7:00 p.m.

China has stepped up action against some U.S. goods by announcing anti-dumping duties on raw materials used in making optical fibers.

The Commerce Ministry said Tuesday that optical fiber preforms from the United States will face additional duties of 37.9 to 78.2 percent for five years.

It said Corning was among the companies that would be affected by the higher duties.

___

2:00 p.m.

A business group says European companies that export from China are changing the global flow of their goods to avoid higher American tariffs in a sign of the spreading impact of the U.S.-Chinese trade war.

The president of the European Union Chamber of Commerce in China, Mats Harborn, said Tuesday one of its members moved final assembly of goods for the American market from China to a newly created U.S. company.

The Trump administration's 25 percent tariffs on medical equipment, electronics and other goods from China apply to exports made by U.S. or European companies as well as Chinese suppliers.

Harborn said other European companies are "scrambling to readjust supply chains" so that goods bound for the United States don't pass through China.

Must Read

China launches second space station, Tiangong 2

Sep 15, 2016

China has launched its second space station in a sign of the growing sophistication of its...

China plans 30,000-km high speed rail network by...

Dec 29, 2016

The Chinese government is planning to expand the country's high-speed rail network to 30,000...

China says some factories have violated anti-smog...

Jan 3, 2017

China's environmental ministry says an unspecified number of companies have violated measures meant...

China begins to ease its 2,000-year-old monopoly...

Jan 3, 2017

China has started an overhaul of its salt industry, easing a monopoly that has existed in some form...

China exports shrink as Trump trade tensions loom

Jan 13, 2017

China's exports fell back into contraction again last month, signaling renewed weakness for the...

Sign up now!

Advertisement