A range of U.S and European companies, are likely to be affected by this measure, including DowDuPont, Equistar, BASF, Eastman, Sasol and Ineos.
On Wednesday, China’s Ministry of Commerce said, Beijing will raise anti-dumping tariffs on diethylene glycol and ethylene glycol that are exported by U.S and EU suppliers.
Companies that are likely to get impacted as a result of these measures include Equistar, BASF, Eastman, Sasol, DowDuPont and Ineos.
The tariffs, some of which are as high as 75.5%, are likely to impact the operations of companies, such as DowDuPont, will be effective from April 12.
Ethylene glycol is used in a wide variety of consumer products including solvents, paints, coolants and antifreeze.