China Hit by EU Tariffs as High as 66%
By
Jonathan Stearns
October 10, 2019, 3:54 AM CDTUpdated on October 10, 2019, 10:32 AM CDT
The
European Union imposed tariffs as high as 66.4% on steel road wheels from China, targeting manufacturers such as
Zhejiang Jingu Co. and
Xingmin Intelligent Transportation Systems Co.
The duties punish Chinese exporters of steel wheels for vehicles including cars, tractors and trailers for allegedly having sold them in the EU below cost, a practice known as dumping. The European market for such wheels is
worth an estimated 800 million euros ($881 million).
Dumped imports of steel road wheels from China caused “material injury” to EU-based manufacturers of the goods, the
European Commission, the 28-nation bloc’s executive arm in Brussels, said on Thursday in the
Official Journal.
The anti-dumping duties represent the preliminary outcome of a probe opened in February on the basis of a dumping complaint by the
Association of European Wheel Manufacturers. The levies, due to take effect on Friday, will last for six months and may be prolonged for five years.
The EU has 11 manufacturers of steel road wheels, according to the commission, which took the unusual step of declining to identify any of them. European producers requested anonymity “on grounds of a fear of retaliatory measures by some of their customers,” the commission said.
The EU industry employs 3,600 people mainly in Germany, France . . . .
. . . The EU already has anti-dumping and/or anti-subsidy levies on a range of other products imported from China, the biggest producer of the metal with around half the world’s output. . . .