Tariff Battles Continue in Global Fastener Industry
FEATURE
High-profile battles over tariffs continue to place the global fastener industry in the spotlight.
The biggest antidumping duty news came from the World Trade Organization, whose Appellate Body ruled that European Union duties on fasteners from China break international trade rules.
The news was followed by an EU determination to apply circumvention duties on fasteners from Malaysia, whose producers were accused of helping Chinese fastener manufacturers of avoiding the original EU tariffs by transshipment.
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WTO Raps EU for Antidumping Tariffs on Chinese Fasteners
The WTO ruling criticized the way the EU assessed antidumping duties on fastener imports from China, affirming China’s complaint that the EU unfairly judged China as a non-market economy.
EU Applies Tariffs on Malaysian Fasteners
The EU placed tariffs on fasteners imports from Malaysia after concluding its investigation into circumvention of antidumping tariffs on Chinese steel fasteners.
Customs Body Sets Duty on Fasteners from Ukraine
The tariff reportedly will be applied until May 2012.
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