China's Ministry of Commerce today announced temporary anti-dumping duties on halogenated butyl rubber from the United States, the European Union and Singapore, reported Reuters on August 10. These duties range from 23.1% to 75.5% and will be in force from August 20. Halogenated butyl rubber is a kind of synthetic rubber used in many applications requiring high impermeability, including manufacture of adhesives, agricultural chemicals and other products.
The Chinese Ministry has been evaluating these duties on synthetic rubbers from these countries as early as April, and decided on these final rates today. However, U.S. faces a heavier duty among these regions. The 75.5% tariff would apply to U.S. rubber specifically, including those made by Exxon Mobil [XOM:US] and other U.S. companies. EU companies also face a high tariff of 71.9% but those from Singapore face lower tariffs.