The European Commission has imposed duties of up to 66.7% on imports of Chinese machines that lift construction workers after concluding that the producers were benefiting from unfair subsidies and selling at artificially low prices.
The extra duties on Chinese mobile access equipment (MAE) will range from 20.6% to 66.7%, as it sought to protect domestic producers in the EU market worth more than 1 billion euros ($1.14 billion) per year.
Chinese MAE producers had benefited from preferential financing, grants, state provision of inputs at below-market rates.
Chinese producers had gained a 41% market share in the year from Oct 2022, from 29% in 2020, and sold at prices some 20% below EU competitors.
The tariffs will apply to Chinese companies such as Hunan Sinoboom Intelligent Equipment Co, Zoomlion Intelligent Access Machinery and Zhejiang Dingli Machinery Co.
EU MAE producers include French companies Haulotte and Manitou.
The EU now has in place anti-dumping or anti-subsidy duties on almost 80 Chinese products from truck tyres to ironing boards.
reuters.com/world/china/eu
