The EU plans to impose a 22.3% import tax on China's exports to Europe for a period of five years. The European Commission believes that Chinese tires are dumped at low prices in the EU market. Once most EU governments approve this taxation plan at the end of this month, European automakers will be affected. The EU uses about 50 million tires each year, worth 300 million euros.
The EU may find Huawei and ZTE again.
The European Commission is considering implementing a second round of investigations to find out whether China has provided subsidies to wireless modem manufacturers.
The Belgian modem manufacturer Option lodged a lawsuit against some Chinese companies, resulting in the EU’s intentions. Option stated that ZTE and Huawei have received unfair subsidies. However, an EU spokesperson stated that the Directorate-General for Trade of the European Commission is still unsure whether it will initiate a formal investigation on the matter.
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