The European Union will not be drawn into a trade war with China, the EU’s ambassador to the country said on Wednesday, a day after trade sources said the European Commission found that Beijing illegally subsidizes Chinese steel producers.
The Commission is investigating 37 dumping and subsidy cases, 21 of them involving China, and Tuesday’s preliminary finding asked EU members to back punitive tariffs against Chinese steel firms, a move that angered Beijing.
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Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/LlvZwSA5coY/
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