The European Union threatened to renew for another five years tariffs on screws and bolts from China, a step that would extend protection the Chinese government challenged at the World Trade Organization.
The EU said it would examine whether to reimpose the duties as high as 74.1 percent on imports from China of iron or steel fasteners, used for everything from automotive parts to furniture. The levies punish Chinese exporters including Gem-Year Industrial Co. (601002) for allegedly having sold the fasteners in Europe below cost, a practice known as dumping.
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Jonathan Stearns, Bloomberg via CHINA US Focus http://ift.tt/1db7Jyc
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