Following electric cars, the EU will launch a countervailing investigation against Chinese steel
Global Finance
2023-10-12 18:06:37
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The recent EU sanctions against China's export industry are really wave after wave, first on October 4, the EU announced the opening of a countervailing investigation into Chinese electric vehicles, and now, there is news that the EU wants to impose new tariffs on Chinese steel and aluminum.?At present, there has been news that the United States and the European Union are secretly negotiating, will be held on the 20th of this month, the European and American steel and aluminum trade summit announced the adoption of a so-called "global sustainable steel and aluminum agreement."。Regardless of how high the name is, this is actually a sanctions agreement.。Under the agreement, the EU will impose new tariffs on steel and aluminum imports from countries and regions, including China, to suppress Chinese steel and aluminum exporters.。The EU's tax on Chinese exporters is subject to U.S. instructions, and in return, the U.S. promises that it will no longer impose tariffs on EU steel and aluminum exports to the U.S. in the future, reducing the burden on EU steel companies.。The U.S. has its own calculations, with EU officials saying President Biden needs to protect jobs for steelworkers in swing states such as Pennsylvania and Ohio to win votes for himself in next year's election。Professionals also revealed that the EU and the EU and the United States are forming a "common front" against China's trade exports, in addition to electric vehicles and steel, the EU is also ready to investigate the development of China's wind turbine manufacturers.。
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