On 11 of June, it’s exposed that EU intends appeal to the WTO in response to China’s imposing high tariffs against the EU special steel, the move means that EU will join Japan’s litigation against the Chinese steel tax which was raised in December last year.
The EU will seek to overturn China’s high tariffs against the seamless stainless steel tube imported from Spain Tubacex and Germany Salzgitter. The litigation will be submitted to WTO as fast as on Thursday or Friday. WTO rules prohibit retaliations; any members are required to collect evidence to prove the damage suffered by the country’s industry before any tariffs are imposed.
Informed sources said the seamless stainless steel case has nothing to do with the hot solar panels and wine trade disputes. In February, the EU challenged China’s tariff over scanner X and won the litigation which is the first successful challenge against China’s trade protection measures.
Source: Tencent Finance