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EU Sets Provisional Tariffs 19.3% to 46.7% on China Alu Products
EU Sets Provisional Tariffs 19.3% to 46.7% on China Alu Products
12 Apr 2021, 06:06 PM IST
(Bloomberg) --
The European Union imposed provisional tariffs on imports of aluminum flat-rolled products originating in China in a bid to curb competition for EU-based producers.
The duties punish Chinese exporters of aluminum flat-rolled products for allegedly selling it in the EU below cost, a practice known as dumping. Their rates are between 19.3% and 46.7% depending on the exporter, according to the EU’s official journal.
The import levies are the preliminary outcome of a probe opened in August 2020 on the basis of a dumping complaint by European Aluminium.
The duties, due to take effect on Tuesday, will last for six months and may be prolonged for five years.
©2021 Bloomberg L.P.
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