China Targets EU Over Taxes On Fastener Imports

Law360, New York (July 31, 2009, 3:04 PM EDT) -- China has reportedly launched a trade case claiming the European Union is unlawfully taxing imports of Chinese-made steel fasteners used in a wide array of products, including furniture and automobiles.

China filed a complaint with the World Trade Organization on Friday, alleging that the EU is unfairly imposing taxes on more than 1,700 Chinese fastener makers, according to the Associated Press.

The EU has contended that Chinese companies are violating global trade regulations by offering fasteners for sale that are between 30 percent and 50 percent...
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