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Singapore — China's Ministry of Commerce announced a 25% duty hike on US-origin undenatured ethanol last Friday, in retaliation to US increasing import tariffs from 10% to 25% on around $200 billion worth of Chinese goods on August 1.
The higher import duties on undenatured ethanol, which already had a 40% tax, was part of a wider retaliation which included around 5,207 items from the US, that were subject to increased import duties ranging from 5% to 25%, the ministry said.
Beijing has yet to announce when the new tariffs will become effective. [More]
Dr. Reddy’s Laboratories Ltd. (DRL) has launched Hervycta (Trastuzumab), a biosimilar of Roche’s Herceptin in India. The biological drug is indicated for the treatment of HER2-positive cancers (early breast cancer, metastatic breast cancer and metastatic gastric cancer).[More]
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