China forecasts high import tariffs to enter EU

ERJ staff report (DS)

Beijing -- China's Ministry of Commerce has warned that the EU may raise tariffs against imports from China in a bid to reduce sovereign debts. A Chinese-language report on the website of the China Rubber Industry Association (CRIA) names various products which will be subject to tariffs, but neither rubber goods nor tyres is mentioned specifically.

A Ministry official is quoted saying, "This year, the EU released a series of moves a signal: the increasingly tough trade policy toward China, the debt pressure, the EU is likely to rise the wave of trade protectionism."

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Report on CRIA website (Chinese language)

Above report auto-translated from Chinese language