Posted 10/10/2023, 1:42:34 AM
EU to Join US in Probing Chinese Steelmakers Over Subsidy Concerns
- EU plans to announce anti-subsidy probes into Chinese steelmakers at upcoming US-EU summit, per FT report
- Aims to join US efforts to shield industries from cheap competition from China
- Comes as US and EU seek to resolve dispute over steel tariffs before Oct 20 deadline
- Follows EU's recent probe into cheaper Chinese electric vehicle imports benefiting from subsidies
- China has urged EU to apply trade remedies "prudently" and safeguard global supply chain stability
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