By Jonathan Stearns
Feb. 13 (Bloomberg) — The European Union imposed tariffs as high as 16.5 percent on screws and bolts from India, saying EU producers have been hurt by Indian subsidies.
The duties punish Indian manufacturers of stainless steel fasteners including Lakshmi Precision Screws Ltd. for receiving trade-distorting government aid. The levies range from 3.2 percent to 16.5 percent, depending on the Indian exporter. Lakshmi Precision Screws faces a 13.6 percent duty. (…)
via EU Hits Indian Screw Makers With Duties to Counter Subsidies – Businessweek.