EU considers shoe export sanctions

The EU is planning to introduce anti-dumping tariffs on China's exports of leather and reinforced shoes after inspectors found "quite compelling evidence" of manufacturers selling shoes below the cost of production, the FT reported. The potential sanctions, which would also affect India and Vietnam, differ from the WTO safeguard clause used to control textile exports this year but it is feared they could see the situation escalate to a similar level. China is the world's largest exporter of footwear.