China Adds Anti-Dumping Tax To EU Screws

Beijing imposed antidumping duties on some European steel screw products effective Tuesday amid growing trade tension between the sides.

BEIJING (AP) -- China imposed antidumping duties on some European steel screw products effective Tuesday amid growing trade tension between the sides.

The additional tariffs on imports of European carbon steel fasteners range from 6.1 percent to 26 percent for five years, the Commerce Ministry announced. The move follows a preliminary duty imposed last December.

"China's fastener industry was hurt substantially and that has a causal effect with the dumping," the ministry said in a statement on its website.

China and the European Union, its biggest trade partner, have been involved in a "fastener dispute." China last December asked the World Trade Organization to examine the EU's charges on imports of Chinese steel fasteners. The EU slapped Chinese screw exporters with duties up to 85 percent last January. The two are also involved in disputes from shoes to steel.

China is the world's biggest steel producer and has faced complaints it is harming foreign producers by dumping steel in overseas markets.

Associated Press researcher Bonnie Cao in Beijing contributed to this report.

More in Supply Chain