擒贼先擒王，商务部宣布，对日本征69%反倾销税，对美国征收220%

Core Viewpoint - The Chinese Ministry of Commerce announced an anti-dumping investigation on imported polyphenylene sulfide (PPS) from the US, Japan, South Korea, and Malaysia, imposing high anti-dumping duties, particularly a staggering rate of up to 220.9% on US companies, signaling a strategic countermeasure against US trade practices [1][3]. Group 1: Anti-Dumping Measures - The anti-dumping duties on US companies are set at a maximum of 220.9%, reflecting China's response to US restrictions in high-tech sectors [1][3]. - Japanese companies face a varied tax rate between 25.2% and 34.5%, with a specific high rate of 69.1% for "other Japanese companies," serving both economic and political purposes [3][4]. Group 2: Political Context - The timing of the anti-dumping measures coincides with recent diplomatic communications between US and Chinese leaders, indicating a strategic move to pressure the US regarding its allies' actions, particularly Japan's stance on Taiwan [5]. - The differentiated tax rates for Japanese companies aim to create internal divisions, encouraging pragmatic cooperation while penalizing right-wing factions [5][7]. Group 3: Broader Implications - The anti-dumping case exemplifies China's ability to utilize "political-economic coordination" to safeguard national interests in complex international relations [7]. - The measures against the US are framed as a "fight without breaking," while the approach towards Japan serves as a warning, suggesting that further actions could extend beyond anti-dumping duties to more impactful areas like rare earth export quotas [7].