EU warns China about new steel tariffs

The EU has warned China that it faces new anti-dumping tariffs on steel, amid growing pressure for the west to block Beijing’s bid for “market economy status” and greater access to world markets. The Financial Times reports the issue of Chinese steel exports will be discussed by G7 leaders on Thursday against the backdrop of a steel crisis in many western countries, including Britain where efforts are under way to save Tata Steel’s UK operations. China expects to achieve that status in December on the 15th anniversary of its 2001 accession to the WTO, giving it greater access to world markets and making it harder for third parties such as the EU to impose anti-dumping sanctions.