Reported 12 months ago
On July 1, 2024, the EU announced a provisional tariff of 51.8% to 294% on red algalitol products originally from China in response to an anti-dumping investigation. While the final decision will be disclosed on July 20, companies like Three Squirrels have seen the initiation of these tariffs. Recent findings reveal proposed tariffs ranging from 51.8% to 294% on companies like Beneo and Sanxiao Biotechnology. Both companies have responded differently with Beneo accepting the decision while Sanxiao Biotechnology plans to appeal. Despite the impact on their shares, their export proportions differ, influencing their reactions and future evaluations.
Source: YAHOO