China Strikes Back At Biden's Tariffs With New Investigation Into Plastics Imports: 6 Stocks Caught In Crossfire
Portfolio Pulse from Natan Ponieman
China has launched an anti-dumping probe into U.S. and EU plastics imports, potentially retaliating against recent U.S. tariffs on Chinese goods. The investigation targets polyoxymethylene copolymer, affecting companies like Celanese, DuPont, and others. The move follows President Biden's protectionist measures, which include significant tariffs on Chinese steel, aluminum, EVs, and more.
May 20, 2024 | 9:22 pm
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NEGATIVE IMPACT
Celanese Corporation could face challenges due to China's anti-dumping probe into polyoxymethylene copolymer imports, potentially affecting its revenue from Chinese markets.
The anti-dumping probe targets a key product manufactured by Celanese, which could lead to reduced market share and revenue in China if tariffs or restrictions are imposed.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
DuPont de Nemours, Inc. might experience a negative impact on its sales in China due to the new anti-dumping investigation into polyoxymethylene copolymer imports.
DuPont is a significant manufacturer of the targeted plastic, and the probe could result in tariffs or restrictions, affecting its sales and market position in China.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Ford Motor Co is likely to benefit from Biden's new tariffs on Chinese electric vehicles and related components, which aim to protect U.S. manufacturing jobs.
The new tariffs on Chinese EVs and components are designed to protect U.S. manufacturers like Ford, potentially increasing their market share and sales in the domestic market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 60
POSITIVE IMPACT
General Motors Co is expected to benefit from the new U.S. tariffs on Chinese electric vehicles and related components, supporting domestic manufacturing.
The tariffs on Chinese EVs and components are likely to benefit U.S. manufacturers like General Motors by reducing competition from cheaper Chinese imports.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 60