EU set to award China 'holy grail' with tariff-rules revamp
Brussels
EUROPEAN industries from steel to solar are bracing for a new set of tariff rules that may make it harder to fend off low-cost imports from China and other foreign countries.
European Union governments are due on Monday to rubber-stamp the biggest revamp of the bloc's method for calculating duties aimed at countering below-cost - or "dumped" - imports. The move is a response to longstanding Chinese government demands for more favourable treatment while stopping short of saying those shipments are fairly priced.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected