China's Ministry of Commerce (MOFCOM) announced on Tuesday it will extend anti-dumping tariffs on hydriodic acid from the US and Japan, effective October 16, 2024, for five years. A review found that removing the tariffs could damage the domestic industry, the MOFCOM said.

    Hydriodic acid is a chemical widely used in the manufacturing sector, including integrated circuits.

    On October 15, 2018, the MOFCOM announced the imposition of anti-dumping tariffs on imported hydriodic acid originating from the US and Japan, which took effect on October 16, 2018, with a duration of five years. The tariffs were imposed with a duty rate of 123.4 percent for US companies and 41.1 percent for Japanese companies.

    On October 15, 2023, in response to a request from the Chinese hydriodic acid industry, the ministry initiated a review of the anti-dumping measures starting from October 16, 2023.

    The investigation found that if the anti-dumping measures were terminated, the likelihood of the continuation or recurrence of dumping of hydriodic acid from the US and Japan could persist or reoccur, with a potential harm to the Chinese domestic industry.

    The rate for anti-dumping tariffs will remain the same as specified in 2018, the MOFCOM said.