Home ›› 13 Aug 2020 ›› World Biz
China on Thursday said it has extended punitive tariffs on Indian optical fiber products for five years.
The announcement from China’s Commerce Ministry follows a yearlong review after a previous tariff expired in 2019. It takes effect Aug. 14.
It is unclear if the move is in any way related to a recent bout of antagonisms between the Asian giants linked to a border clash in which 20 Indian soldiers died.
The tariffs on single-mode optical fiber range from 7.4% to 30.6% and were first imposed in August 2014.
Optical fiber is used in telecommunications networks.
Earlier this month, India kept in place tariffs on Chinese-made solar power products that were imposed to protect its own manufacturers.
