A China-EU trade crisis lurks around the corner after Brussels on Thursday (12 January) denied market-economy status to 13 Chinese footwear makers, clearing the way for EU anti-dumping duties on Chinese imports.
The move will make it harder for Chinese importers to argue they are selling goods at a true market price and not for less than the cost of manufacturing them, an accusation that was put forward by European shoemakers in summer last year.
Italian shoemakers in particular ...
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