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EU ministers wave through new tariffs on Chinese and Vietnamese shoes

EU ministers wave through new tariffs on Chinese and Vietnamese shoes

European Union ministers on Thursday voted through new antidumping tariffs on Chinese and Vietnamese shoes that will levy an extra charge on imports from Saturday.
EU governments agreed Wednesday to impose tariffs for two years to prevent cheap imports from flooding local markets. The deal was then formally approved by justice ministers in Luxembourg.
Shoes from China will be charged an extra 16.5 percent and those from Vietnam an extra 10 percent. The tariffs will affect 11 out of every 100 pair of shoes sold in Europe, including children's footwear.
The European Commission said this could add euro1.40 (US$1.79) to the average retail price of Chinese shoes selling for euro35 (US$44.83) in Europe if importers and retailers choose to pass the cost on to customers.
The tariffs will replace higher, temporary duties in place since April.
The European Commission asked EU member states to back antidumping duties, alleging that China and Vietnam broke World Trade Organization rules by subsidizing shoe manufacturers and selling below-cost goods in Europe.
Both China and Vietnam reject the charges and accuse the EU of protectionism.


Updated : 2021-07-30 19:43 GMT+08:00