China's Payback To US Tariffs

Forex News
Chinese commerce ministry claimed that it decided to increase an "anti-dumping tariff rates" for some optical fiber products imported from the US. The order will be effective tomorrow. The new anti-dumping tariff rates for dispersion unshifted single-mode optical fiber originating from the United States average between 33.3%-78.2%, way higher than the previous 4.7%-18.6%. Firms, imposed with the tariff increase, include Corning Inc, OFS Fitel, LLC and Draka Communications Americas Inc.