EU Goes To (Trade) War With China: Could Relieve Steel Companies
MetalMiner | Jan 17, 2013 01:17AM ET
Well, not quite, but certainly battle lines are being drawn between the world’s largest consuming block and the world’s largest exporter.
According to an article in the article from last year, the FT said Europe has maintained tariffs on Chinese bikes since 1993 for “dumping,” or selling goods below their production cost. The commission last year chose to extend the 48.5% duty to 2016.
Thanks in large part to those tariffs, China has gained only a 3.3% share of the €5 billion EU bike market, even as it has dominated the US and Japanese markets.
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