The European Commission imposes provisional tariffs on aluminum flat-rolled products from China, Reuters reports, citing the European Union’s (EU) official journal on Monday. This comes after an initial investigation found the Chinese products were being sold into the bloc at artificially low prices. Additional details “The European Commission has set duties of between 19.3% and 46.7%.” “The anti-dumping duties, to come into force on Tuesday, will apply while the investigation continues. It is due to conclude in October, when tariffs may be set for five years.” “The investigation was launched after a complaint from trade association European Aluminium, whose members include Norsk Hydro and Elvalhalcor.” Market reaction The trade headlines add to the persisting risk-off mood in the market, as growing coronavirus concerns continue to haunt, weighing on the perceived riskier assets such as the euro. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: Tide turning in favor of XAG/USD bears, $24 back in sight FX Street 2 years The European Commission imposes provisional tariffs on aluminum flat-rolled products from China, Reuters reports, citing the European Union's (EU) official journal on Monday. This comes after an initial investigation found the Chinese products were being sold into the bloc at artificially low prices. Additional details "The European Commission has set duties of between 19.3% and 46.7%." "The anti-dumping duties, to come into force on Tuesday, will apply while the investigation continues. It is due to conclude in October, when tariffs may be set for five years." "The investigation was launched after a complaint from trade association European Aluminium, whose members… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
