Tensions rise as China and EU exchange trade relief measures

(Seoul = Yonhap News) Reporter Kwon Sook-hee = The Chinese government has begun an anti-dumping investigation into para-nitrotoluene, a chemical intermediate produced in the European Union (EU).

According to China's official Xinhua News Agency and Reuters on the 3rd, China's Ministry of Commerce announced on this day that it had initiated an anti-dumping investigation into para-nitrotoluene imported from the EU following a complaint from the Chinese industry.

Para-nitrotoluene, also called p-nitrotoluene, is used in the production of dyes, pharmaceuticals, and pesticides.

China is a major producer and exporter of para-nitrotoluene.

The Department of Commerce explained that preliminary findings show that the import price of para-nitrotoluene from the EU will fall by about 60% from 2022 to 2025.

This measure comes amid heightened trade tensions between China and the EU, with the EU recently using anti-dumping investigations and other trade relief measures against each other's products.