Unfair Chinese competition: EU plans anti-subsidy steel probe
The article revealed that EU is planning to announce anti-subsidy investigations against Chinese steelmakers at a summit with the US this month according to Financial Times.
Brussels formally launched an investigation last week to counter what von der Leyen said was a flood of cheaper Chinese electric vehicle (EV) imports benefiting from state subsidies.
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The Financial Times reported on Tuesday that the European Union planned to announce probes against Chinese steelmakers when U.S. President Joe Biden hosts European Commission President Ursula von der Leyen and European Council President Charles Michel on Oct. 20.
The EU already has punitive tariffs in place on 20 grades of Chinese steel and stainless steel products and has set import quotas as part of measures to safeguard its market until mid-2024.
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