EU Hits China, Egypt With Five-Year Tariffs on Glass Fiber
- Duties up to 99.7% on glass fiber fabrics counter ‘dumping’
- Parallel EU probe signals concerns about Chinese subsidies
Photographer: Antonio Heredia/Bloomberg
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The European Union hit China and Egypt with five-year tariffs on an industrial good used in everything from wind turbines to sports equipment, completing part of a closely watched trade case.
The duties as high as 99.7% punish Chinese and Egyptian exporters of glass fiber fabrics for allegedly selling them in the EU below cost, a practice known as dumping. The levies are 37.6% or 99.7% against China, depending on the company, and 20% against Egypt.