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2015-12-18

Protectionism Growing; EU Extends Tariffs on Aluminum Foil, Registers Chinese Steel

Bloomberg: EU to Register China Reinforcing Steel, Expanding Tax Threat
The European Union ordered its customs officials to register imports of steel from China used to reinforce concrete, expanding the threat of tariffs on the shipments.

The step is part of an inquiry into whether Chinese producers of high fatigue performance steel concrete reinforcement bars sold them in the 28-nation bloc below cost, a practice known as dumping. Registration allows the EU to impose duties on past transactions. Levies against below-cost -- or “dumped” -- imports are known as anti-dumping duties.

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