Posted 10/10/2023, 5:08:00 AM
EU to Launch Anti-Subsidy Probes on Chinese Steelmakers Alongside US Ahead of Trade Summit
- EU plans to announce anti-subsidy probes into Chinese steelmakers at upcoming US summit, per sources
- Move aimed at joining Washington's efforts to shield industries from cheap competition
- US asked EU to act against Chinese steel producers to avoid re-imposing Trump-era tariffs
- Summit on Oct 20 comes ahead of deadline to resolve dispute over steel tariffs
- In September, EU launched probe into whether to impose tariffs on cheaper Chinese EV imports due to subsidies
