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China’s Commerce Ministry: To conduct anti-dumping probe some US chloride products imports
26/09/2020 12:00
In a statement released on Friday, China’s Commerce Ministry said that they will conduct an anti-dumping investigation on imports of some chloride products from the US, starting September 25.
The probe is at the request of domestic producers and would normally last for a year, but it could be extended to March 25, 2022, the Commerce Ministry added.
Earlier this month, the Ministry launched an anti-subsidy probe on certain glycol ethers imports from the US, effective from September 14.
Beijing, however, maintains that these investigations have nothing to do with the US-Sino trade deal.
Market reaction
AUD/USD is trying hard to extend the recovery from two-month lows of 0.7016, with the US dollar stalling its recent bullish momentum.
At the press time, the aussie trades 0.07% higher at daily highs of 0.7062.
The probe is at the request of domestic producers and would normally last for a year, but it could be extended to March 25, 2022, the Commerce Ministry added.
Earlier this month, the Ministry launched an anti-subsidy probe on certain glycol ethers imports from the US, effective from September 14.
Beijing, however, maintains that these investigations have nothing to do with the US-Sino trade deal.
Market reaction
AUD/USD is trying hard to extend the recovery from two-month lows of 0.7016, with the US dollar stalling its recent bullish momentum.
At the press time, the aussie trades 0.07% higher at daily highs of 0.7062.
Source: FxStreet
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