The Latest: China raises tariffs on optical fiber materials
The Latest on trade tensions between China and the U.S. and other foreign trading partners (all times local):
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China has stepped up action against some U.S. goods by announcing anti-dumping duties on raw materials used in making optical fibers.
The Commerce Ministry said Tuesday that optical fiber preforms from the United States will face additional duties of 37.9 to 78.2 percent for five years.
It said Corning was among the companies that would be affected by the higher duties.
A business group says European companies that export from China are changing the global flow of their goods to avoid higher American tariffs in a sign of the spreading impact of the U.S.-Chinese trade war.
The president of the European Union Chamber of Commerce in China, Mats Harborn, said Tuesday one of its members moved final assembly of goods for the American market from China to a newly created U.S. company.
The Trump administration's 25 percent tariffs on medical equipment, electronics and other goods from China apply to exports made by U.S. or European companies as well as Chinese suppliers.
Harborn said other European companies are "scrambling to readjust supply chains" so that goods bound for the United States don't pass through China.
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