The EU on Friday asked the WTO to rule in a dispute over Chinese anti-dumping duties imposed on steel pipes imported from EU countries.
The EU said in a news release that it made the request to the WTO after unsuccessful consultations last month to resolve the dispute over the duties imposed by China on imports of high-performance stainless steel seamless tubes from EU countries.
“The EU continues its fight against unjustified Chinese trade defense measures, which do not comply with WTO rules and often seem to be motivated by retaliation,” EU trade spokesman John Clancy said in the statement.
Beijing said the duties would protect Chinese companies.
“This is not an act of retaliation but to protect the domestic steel trade,” analyst Zhang Lin said in a statement posted on the Chinese Ministry of Commerce’s official site in June when the EU lodged a complaint with the WTO.
The statement says China’s steel products are often subject to anti-dumping investigations in overseas markets.
“It is a reasonable and logical measure for hitting back,” Zhang said.
A dispute over China’s solar panels was defused last month after Chinese companies agreed to set minimum prices. Meanwhile, the Chinese commerce ministry spokesman Shen Danyang (沈丹陽) said last week that Beijing continued to investigate whether the EU has been dumping its wine and poly silicon products in China.
China imposed anti-dumping duties ranging from 9.2 percent to 14.4 percent on the high-performance steel pipes imported from EU countries and Japan last year.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
POWER BUILDUP: Powered by Nvidia’s B200 Blackwell chips, the data center would support MediaTek’s computing power demand and business growth, the company said Smartphone chip designer MediaTek Inc (聯發科) yesterday launched a new artificial intelligence (AI) data center with a maximum capacity of 45 megawatts to meet its rising demand for computing power required to develop new advanced chips for AI applications. The company has completed the first-phase computing power buildup at the data center in Miaoli County’s Tongluo Township (銅鑼), providing 15 megawatts of capacity to support its research and development (R&D) capabilities, despite an industrywide shortage of key components, MediaTek said. Supply constraints have plagued a wide range of key components, including memory chips, solid-state drives, power supply units and central
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
RSS