💨 Abstract

China has extended tariffs on a key chemical solvent, n-butanol, for another five years, citing potential harm to the domestic industry. This decision comes after a review initiated in 2023 at the request of domestic n-butanol producers. The move is seen as escalating trade tensions with the US, as seven American companies have also been sanctioned and purchases of American semiconductors are threatened.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖