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China to impose anti-dumping measures on rubber from U.S., S. Korea, EU Updated: 2020-10-23 17:07:34 KST

China will impose temporary anti-dumping measures on certain materials imported from the U.S., South Korea and the European Union.
China's Ministry of Commerce says that the dumping of 'EPDM', a type of synthetic rubber used for auto parts, has dealt a blow to domestic firms.
Dumping is when a company exports a product at a lower price compared to its domestic market.
From next Wednesday, Beijing will impose import tariffs as high as two-hundred-twenty-two percent.
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