Space Travel News  
TRADE WARS
EU slaps China with new steel anti-dumping duties
by Staff Writers
Brussels (AFP) Jan 27, 2017


China accuses EU of protectionism over new steel taxes
Beijing (AFP) Jan 28, 2017 - Beijing has accused the European Union of "protectionist" behaviour after Brussels imposed anti-dumping duties on Chinese steel products, as it seeks to protect struggling steel makers in Europe.

The EU Commission said Friday it would impose taxes of between 30.7 percent and 64.9 percent on certain Chinese steel products which it says are being sold at a loss in Europe.

The measure, which also applies to Taiwan, is part of an EU push against China -- which makes more than half the world's steel -- for allegedly flooding global markets in violation of international trade agreements.

But China's commerce ministry said the EU move was in breach of World Trade Organization rules and vowed to "take necessary measures to defend the fair rights" of Chinese companies.

"Imprudently taking protectionist measures is just another attack on international trade," a ministry official said Friday in a statement.

The targeted products are used to join steel pipes and tubes, and are commonly used in industries such as food processing and shipbuilding as well as energy and construction.

In the face of criticism, Beijing has vowed to eliminate 100-150 million tonnes of capacity -- out of a total of 1.2 billion tonnes -- by 2020.

The EU has had a series of trade disputes with China, its second-largest trading partner, but is also seeking to resolve the stand-off over steel with Beijing through the OECD, the Paris-based group of developed economies.

The EU slapped definitive anti-dumping duties on steel products from China and Taiwan on Friday, as it broadens its campaign to protect struggling steel manufacturers in Europe.

The measure is part of an EU push against China, which makes more than half the world's steel, for allegedly flooding global markets in violation of international trade agreements.

It comes as protectionist US President Donald Trump promises to crack down on China's dominance of world trade, prompting a vigorous defense of globalisation by Chinese President Xi Jinping at the World Economic Forum in Davos last week.

"The European Commission's investigation confirmed that Chinese and Taiwanese stainless steel tube and pipe butt-welding fittings had been sold in Europe at dumped prices," the EU's executive arm said in a statement.

The targeted products are used to join steel pipes and tubes, and are commonly used in industries such as food processing and shipbuilding as well as energy and construction.

The EU has had a series of trade disputes with China, its second-largest trading partner, but is also seeking to resolve the stand-off over steel with Beijing through the OECD, the Paris-based group of developed economies.

Brussels now has more than 100 trade defence measures in place, 39 of them targeting unfair imports of steel products of which 15 are Chinese.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
EU envoy says China must open market to match soaring words
Beijing (AFP) Jan 25, 2017
China has not done enough to open its market, the EU's ambassador said Wednesday, and must take "concrete actions" to give European companies equal access to the world's second-largest economy. While cash-flush Chinese tycoons have snapped up European companies, sports clubs and airports, foreigners are barred from investing in equivalent industries accounting for large swathes of the Chines ... read more


TRADE WARS
TRADE WARS
Bursts of methane may have warmed early Mars

Long Eclipse Avoidance Manoeuvres Performed Successfully on MOM Spacecraft

Microbes could survive thin air of Mars

Mars rover Opportunity takes a drive up a steep slope

TRADE WARS
China schedules Chang'e-5 lunar probe launch

The science behind the Lunar Hydrogen Polar Mapper mission

Eugene Cernan, last man to walk on moon, dead at 82

The moon is older than scientists thought

TRADE WARS
Public to Choose Jupiter Picture Sites for NASA Juno

Experiment resolves mystery about wind flows on Jupiter

Pluto Global Color Map

Lowell Observatory to renovate Pluto discovery telescope

TRADE WARS
First footage of a living stylodactylid shrimp filter-feeding at depth of 4826m

SF State astronomer searches for signs of life on Wolf 1061 exoplanet

Looking for life in all the right places with the right tool

Could dark streaks in Venusian clouds be microbial life

TRADE WARS
ULA and team launches US military spy satellite

Airbus Safran Launchers in 2016: we keep our promises

India Defers Much-Awaited Heaviest Rocket Launch

When One launch is not enough: SpaceX Return To Flight

TRADE WARS
China's first cargo spacecraft to leave factory

China launches commercial rocket mission Kuaizhou-1A

China Space Plan to Develop "Strength and Size"

Beijing's space program soars in 2016

TRADE WARS
Gaia turns its eyes to asteroid hunting

Today's rare meteorites were once common

Observations of Ceres indicate that asteroids might be camouflaged

How the darkness and the cold killed the dinosaurs









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.