India imposes anti-dumping duties on four categories of chemicals from China! Starting from June, anti-dumping duties will be imposed on goods such as PEDA, acetonitrile, vitamin A palmitate, and insoluble sulfur! Note: These are raw materials for herbicides, pharmaceutical solvents, pharmaceutical raw materials, and tire raw materials; anti-dumping duties will be levied on these four categories of chemicals for a period of five years. With the growing trade deficit between India and China, India claims to be taking measures to ensure fair trade practices.
India claims that it is creating a fair competitive environment for domestic and foreign producers and exporters, while continuing to promote the development of local manufacturing and reduce the scale of imports from China. The trade deficit between India and China has persisted for many years, mainly because we produce enough industrial products that India cannot produce. Therefore, India needs to import from us, while the goods that India exports to us, apart from curry and Indian oil, are not much else.
Some of India's generic drugs are imported through informal means and have not entered the formal trade system. Some of India's coal and iron mines can enter China, but China has Indonesia and Australia supplying coal, and Mongolia also supplies coal, so it doesn't really need India's coal. Iron ore is mainly imported from Australia and Brazil, and India's iron ore is not of good quality, and the amount imported is small. Overall, our imports from India are too little, and there is nothing much to buy.
India may buy some rice, but Indian rice is long-grain rice, which is not liked by the Chinese people. Our various industrial products and rare earth products are urgently needed by India. However, we are currently restricting sales across the board, which is our current situation.
India is imposing anti-dumping taxes on these four categories of industrial products because India also wants to produce them, but it cannot. It can only increase the tax rate and try to make more money from it. However, it should be known that increasing the tax rate results in Indians paying more taxes, and the benefit is not for the Indians, but for the Indian government. So let India raise the taxes as it likes!
Original article: https://www.toutiao.com/article/1835981650332676/
Statement: This article represents the views of the author.