- WND - http://www.wnd.com -

Europe on verge of trade war with China

Posted By -NO AUTHOR- On 05/09/2013 @ 1:24 am In Money,World | No Comments

(London Telegraph) Europe is gearing up for a fresh trade war with China with plans to impose a levy on billions of pounds worth of imports of cheap solar panels.

The European Commission has proposed a tough 47pc “anti-dumping” tariff to penalize the imports, it emerged on Wednesday.

The move would benefit European manufacturers, who allege their Chinese rivals – whose panels are as much as 45pc cheaper – are unfairly subsidized by Beijing.


Article printed from WND: http://www.wnd.com

URL to article: http://www.wnd.com/2013/05/europe-on-verge-of-trade-war-with-china/

© Copyright 1997-2013. All Rights Reserved. WND.com.