The government announced that tariffs on beer could reach up to 64.14%, while duties on hot-rolled steel will have a cap of 20.15%.
“The Ministry of Finance and the Ministry of Economic Affairs preliminarily determined the existence of ‘dumping’ practices that have caused substantial harm to the domestic industry,” the statement read, adding that the charges will last four months from the effective date.
‘Dumping’ involves selling products below the cost of production.
Taiwanese authorities launched an investigation last March into Chinese beer and steel, claiming local products were facing “unfair competition.”
Taipé’s decision comes at a time of heightened tension with Beijing, which views Taiwan as an “inalienable part” of Chinese territory, despite the island being autonomously governed since 1949.
