United States is strengthening the trend of trade protectionism lately, accusing South Korea anti-dumping practice against petrokima products, following steel.
According to the Trade-Investment Promotion Agency Korea -KOTRA in Washington, International Trade Committee-ITC, the United States on the date. August 12 local time to decide their losses US industry.
US chemical company, Eastman Chemical has demanded 3-DOTP plasticizer products manufacturer South Korea for the tariff charged 23.70 to 47.86%, which is considered relatively high.
The Commerce Ministry plans to continue conducting anti-dumping practices, based on the ITC’s decision this time.
DOTP are chemicals that are mostly used in the production of plastics. South Korea has been exporting these products worth 3.12 million dollars to the US last year, so it becomes dominant in the US import market with a 55.9% performance.
Previously the US has imposed anti-dumping tariffs against goods iron and steel product South Korea.