The government has started anti-dumping probes into beer and certain steel products from China, adding to a string of measures targeting Chinese exports by trade partners around the world.
Officials are investigating whether some hot-rolled and flat-rolled steel products from China harm the domestic industry due to unfair competition, the Ministry of Finance said in a statement yesterday.
China Steel Corp (中鋼) and Dragan Steel Corp (中龍鋼鐵) filed the anti-dumping complaint, requesting the ministry to levy a provisional anti-dumping tariff on such steel products from China.
Photo: Clare Cheng, Taipei Times
The products are used in construction and structural engineering projects, automobiles, home appliances, oil and gas pipelines, and high-pressure gas containers, the ministry said.
Beer made in China is also the subject of an inquiry, the ministry said in a separate statement, adding that the beverage has been exported to Taiwan at artificially low prices, hurting the domestic industry.
The probe stems from a dumping complaint by the Taiwan Brewers Association (台灣釀酒商協會), which said cheaper Chinese imports had cost its members’ business, calling on the ministry to levy a provisional anti-dumping tax on Chinese beer.
The association’s members include Taiwan Tobacco and Liquor Co (台灣菸酒), Heineken Taiwan Co (海尼根台灣), Zhangmen Brewing Co (掌門精釀), Taihu Brewing Ltd (臺虎精釀), Le Ble D’or F&B Co (金色三麥) and King Car Buckskin Beer Co (金車柏克金).
As the finance ministry begins its probes, the Ministry of Economic Affairs is also required by regulations to submit its preliminary reports within the next 40 days to determine whether Chinese imports have disrupted local industries.
The finance ministry is expected to announce its preliminary anti-dumping duties on Chinese imports in late June at the earliest and its final decision in late October, ministry officials said.
The probes add to the challenges confronting China’s export engine, which has been a bright spot during a difficult economic recovery. A sweeping 25 percent tariff on Chinese steel and aluminum imports to the US is set to take effect today.
Taiwan has in the past imposed anti-dumping tariffs on goods from China, including cement, and chemical and metal products. The latest probe is the first such measure Taiwan has aimed at China since 2023.
China shipped about 2.57 million tonnes of steel products to Taiwan last year, US trade data show, making the nation the 12th-biggest export destination for the products.
In addition, China was the largest source of beer shipments to Taiwan last year, finance ministry data showed.
The total value exported was US$125.4 million, nearly four times that from the Netherlands, the second-biggest exporter.
A subsidiary of a Hong Kong-based company that has lost control of two critical ports on the Panama Canal said it is seeking US$2 billion of compensation in damages from Panama over its “illegal” takeover of the ports. Panama Ports Co, a unit of Hong Kong’s CK Hutchison Holdings (長江和記實業), on Friday said in a statement that it is demanding the sum under international arbitration proceedings that it had already started. The Panamanian government last week seized control of the Balboa and Cristobal ports on each end of the Panama Canal, after the country’s Supreme Court declared earlier that a concession allowing
DETERRENCE: With 1,000 indigenous Hsiung Feng II and III missiles and 400 Harpoon missiles, the nation would boast the highest anti-ship missile density in the world With Taiwan wrapping up mass production of Hsiung Feng II and III missiles by December and an influx of Harpoon missiles from the US, Taiwan would have the highest density of anti-ship missiles in the world, a source said yesterday. Taiwan is to wrap up mass production of the indigenous anti-ship missiles by the end of year, as the Chungshan Institute of Science and Technology has been meeting production targets ahead of schedule, a defense official with knowledge of the matter said. Combined with the 400 Harpoon anti-ship missiles Taiwan expects to receive from the US by 2028, the nation would have
POSSIBILITIES EMERGE: With Taiwan’s victory and Japan’s narrow win over Australia, Taiwan now have a chance to advance if South Korea also beat the Aussies Taiwan has high hopes that the national baseball team would advance to the World Baseball Classic (WBC) quarter-finals after clinching a crucial 5-4 victory over South Korea in a nail-biting extra-inning game at the Tokyo Dome yesterday. Boosted by three home runs — two solo shots by Yu Chang (張育成) and Cheng Tsung-che (鄭宗哲) and a two-run homer by Stuart Fairchild — the triumph gave Taiwan a much-needed second victory in the five-team Pool C, where only the top two finishers would advance to the knockout stage in Miami, Florida. Entering extra innings with the game tied at four apiece, Taiwan scored
MISSION OF PEACE: The foreign minister urged Beijing to respect Taiwan’s existence as an independent nation, and work together to ensure peace and stability in the region Minister of Foreign Affairs Lin Chia-lung (林佳龍) yesterday rejected Chinese Minister of Foreign Affairs Wang Yi’s (王毅) comments about Taiwan, criticizing China as a “troublemaker” in the international community and a disruptor of cross-strait peace. Speaking at a news conference on the sidelines of the Chinese National People’s Congress, Wang said that Taiwan has always been a territory of China and that it would be impossible for it to become its own country. The “return” of Taiwan to China was the natural outcome of the Chinese people’s resistance against Japan in World War II, and that any pursuit of independence was “doomed