China today announced the imposition of "anti-dumping" measures (against sale below cost price) to hydroiodic acid imported from the United States and Japan, which will face a tariff of between 41.1 percent and October 16 from October. 123 percent over the next five years.
The Chinese Ministry of Commerce said in a statement that these measures will be adopted as a result of the substantial damage caused to the national industry.
China carried out a first investigation between October 16, 2017 and June of this year and concluded that the US and Japanese companies that sell this chemical in the country set prices that are lower than the cost prices, which is known as "dumpin".
Therefore, before the damage that this practice has caused in the domestic sector, the ministry decided to carry out an additional investigation from June 16 before taking the final decision to impose tariffs on the import of this product in five years.