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China Raises Tariff Rates for Some U.S. Optical Fiber Products - Reuters

CapitalWatch Staff 2018-11-19 14:55 PM
China Raises Tariff Rates for Some U.S. Optical Fiber Products - Reuters

China&`#`39;s commerce ministry said on Tuesday it is raising "anti-dumping tariff rates" for some optical fiber products originating from the United States, effective on Wednesday, July 11.

The new duties for dispersion unshifted single-mode optical fiber range between 33.3 percent to 78.2 percent, compared with 4.7 percent to 18.6 percent as set in 2011.

U.S. companies including Corning Inc. (NYSE: GLW), OFS Fitel LLC, and Draka Communications Americas Inc. are among firms affected by the tariff change, the ministry said on its website.