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EU slaps new tariffs on Chinese imported steel

The European has imposed tariffs on the imports Chinese corrosion-resistant steel, Reuters reports, to offset unfairly low prices.

The new duties reaffirm provisional measures put in place in August, according to the EU official journal on Thursday, and will range from 17.2 to 27.9%. The tariffs will be in force for 5 years.

This is the latest in a round of trade restrictions on similar Chinese products. The EU currently enforces 27 measures on steel and iron imports coming from China, many of which were enacted following an investigation by the European Commission in 2016 into suspected dumping practices.

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