Alexa

EU states agree two-year tariffs on Chinese and Vietnamese shoe imports

EU states agree two-year tariffs on Chinese and Vietnamese shoe imports

EU states on Wednesday ended a bitter row by agreeing to impose tariffs on Chinese and Vietnamese shoe imports for two years.
The European Commission asked them to back tariffs after it found evidence that both governments broke World Trade Organization rules by subsidizing shoe manufacturers and selling below-cost goods in Europe. The tariffs will affect 11 out of every 100 pair of shoes sold in Europe.
European footwear production has shrunk by 30 percent since 2001, as shoe imports surged.