Vietnam imposes anti-dumping tax on Chinese aluminium products

Vietnam has imposed an anti-dumping tax on some aluminium products from China, just months after a similar levy targeting steel items, as the Southeast Asian nation looks to rein in an ever-increasing trade deficit with its giant neighbour. An investigation launched in January found that Chinese dumping activities had seriously hurt domestic producers of aluminium, with some having to suspend output, the Ministry of Industry and Trade said. The anti-dumping tax on some aluminium products from 16 Chinese companies ranges from 2.49% to 35.58% and took effect for five years from Sept. 28, the government said on its website on Wednesday.

Source: yahoo.com/news