BRUSSELS: The European Union has imposed a five-year hike in duties on imports of glossy paper from China, the first EU challenge to Chinese state subsidies and a sign of more to come.
In a double swipe likely to anger China, the bloc said it would charge duties worth a maximum of 12% to combat what it says is illegal Chinese state aid that is hurting EU producers, as well as duties of up to 35.1% to counteract what it says is illegal pricing by Chinese exporters. Both levels were approved by EU capitals in March.
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