Jonathan Stearns Jan 30, 2014 11:55 AM GMT+01000
The European Union threatened to renew for another five years tariffs on screws and bolts from China, a step that would extend protection the Chinese government challenged at the World Trade Organization.The EU said it would examine whether to reimpose the duties as high as 74.1 percent on imports from China of iron or steel fasteners, used for everything from automotive parts to furniture. The levies punish Chinese exporters including Gem-Year Industrial Co. 601002 for allegedly having sold the fasteners in Europe below cost, a practice known as dumping.The review will determine whether “the expiry of the measures would be likely to lead to a continuation or recurrence of dumping” and “a continuation or recurrence of injury” to the EU industry, the European Commission, the 28-nation bloc’s trade authority in Brussels, said today in the Official Journal. (…)
via China May Face Renewal of EU Fastener Tariffs Challenged at WTO – Bloomberg.