The European Union is planning to announce anti-subsidy investigations towards Chinese steelmakers at a summit with the U.S. this month, the Financial Times reported on Tuesday.
Brussels had agreed to hitch Washington’s efforts to defend industries from low-cost competitors, the report stated, citing two officers with data of the transfer.
Washington had requested Brussels to maneuver towards Chinese metal producers in return for avoiding the re-imposition of Trump-era tariffs on EU metal, the newspaper stated.
China’s Ministry of Commerce didn’t instantly reply to a request for touch upon the report.
U.S. President Joe Biden will host European Commission President Ursula von der Leyen and European Council President Charles Michel on Oct. 20, simply earlier than a deadline to resolve a bilateral dispute over metal tariffs.
In September, Brussels launched an investigation into whether or not to impose punitive tariffs to guard EU producers towards cheaper Chinese electrical automobile (EV) imports it says are benefiting from state subsidies.
China complained concerning the “very short” time supplied by Brussels to interact in consultations for the bloc’s inquiry into subsidies for EVs.
Beijing additionally urged Brussels to safeguard the steadiness of the worldwide provide chain and a strategic partnership between the 2, whereas “prudently” making use of commerce treatments.
(Reporting by Nilutpal Timsina in Bengaluru. Additional reporting by Amy Lv in Beijing; Editing by Jacqueline Wong & Simon Cameron-Moore)
