The EU will repeal "anti-dumping" duties of up to 20 percent against Taiwanese thermoplastic-rubber exporters including Chi Mei Corp (奇美實業), exposing European producers such as Total SA to more competition.
The EU will also reject a demand by European makers of the chemical product -- used for road asphalt, roofing, shoes and adhesives -- for similar tariffs against South Korean and Russian exporters including Korea Kumho Petrochemical Co and OAO Gaz-prom unit Sibur.
Fairly priced styrene-butadiene-styrene thermoplastic rubber from the three nations and a 7 percent fall in European demand for the product rather than dumping caused European industry's share of its home market to drop to 82 percent in the 12 months to March 31 last year, from 89 percent in 2000, the EU said.
European producers "faced more intense competition, at fair prices, from imports," the EU said in the ruling due to take effect after publication in the Official Journal in the coming days. "It was also found that the decrease in consumption in the EU contributed to the injury."
The anti-dumping duties against Taiwan include a 9.1 percent levy against Chi Mei, a 5.3 percent tariff against Lee Chang Yung Chemical Industry Corp (李長榮化學工業) and a 20 percent duty against other Taiwanese exporters of the product. The EU imposed the tariffs for five years on Sept. 23, 2000.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
Global semiconductor stocks advanced yesterday, as comments by Nvidia Corp chief executive officer Jensen Huang (黃仁勳) at Davos, Switzerland, helped reinforce investor enthusiasm for artificial intelligence (AI). Samsung Electronics Co gained as much as 5 percent to an all-time high, helping drive South Korea’s benchmark KOSPI above 5,000 for the first time. That came after the Philadelphia Semiconductor Index rose more than 3 percent to a fresh record on Wednesday, with a boost from Nvidia. The gains came amid broad risk-on trade after US President Donald Trump withdrew his threat of tariffs on some European nations over backing for Greenland. Huang further
CULPRITS: Factors that affected the slip included falling global crude oil prices, wait-and-see consumer attitudes due to US tariffs and a different Lunar New Year holiday schedule Taiwan’s retail sales ended a nine-year growth streak last year, slipping 0.2 percent from a year earlier as uncertainty over US tariff policies affected demand for durable goods, data released on Friday by the Ministry of Economic Affairs showed. Last year’s retail sales totaled NT$4.84 trillion (US$153.27 billion), down about NT$9.5 billion, or 0.2 percent, from 2024. Despite the decline, the figure was still the second-highest annual sales total on record. Ministry statistics department deputy head Chen Yu-fang (陳玉芳) said sales of cars, motorcycles and related products, which accounted for 17.4 percent of total retail rales last year, fell NT$68.1 billion, or
HSBC Bank Taiwan Ltd (匯豐台灣商銀) and the Taiwan High Prosecutors Office recently signed a memorandum of understanding (MOU) to enhance cooperation on the suspicious transaction analysis mechanism. This landmark agreement makes HSBC the first foreign bank in Taiwan to establish such a partnership with the High Prosecutors Office, underscoring its commitment to active anti-fraud initiatives, financial inclusion, and the “Treating Customers Fairly” principle. Through this deep public-private collaboration, both parties aim to co-create a secure financial ecosystem via early warning detection and precise fraud prevention technologies. At the signing ceremony, HSBC Taiwan CEO and head of banking Adam Chen (陳志堅)
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