Zhejiang Dingli Machinery (.SS)_ Reduction of Double Duties But Likely Negated by Possible Trump 2.0 Tariff Risk

Flash | CITI'S TAKE Dingli's share price rose 3% yesterday likely on the The US Dept of Commerce's announcement reducing double duties (anti-dumping and countervailing) by 19% (i.e. from 43% to 24%) for Dingli's US business. The European Union also announced it would lower anti-dumping duty by ~7% in the EU (i.e. from 31.3% to 23.6% for Dingli. However, Donald Trump was elected the 47th US President which is likely to raise US-CN trade tariff risk to 60% from currently 25% for China production. Dingli would ...