As the world watches breathlessly if Trump will follow through with his threat to slap steel and aluminum import tariffs, Europe continues to quietly ratchet up its own trade war with China and nobody seems to mind. Continue reading
The European Commission presented new anti-dumping measures on Wednesday (9 November) that are mainly aimed at countering Chinese steel imports.
The commission wants to change the way it calculates dumping when products come from a country where the economy is distorted because of state intervention.
According to the proposal, the EU will scrap the usual distinction made between countries with a market economy status (MES) and countries which are not recognised as such. It proposes treating all members of the World Trade Organisation (WTO) in the same way.