Wednesday, July 24, 2013

Where Have You Gone, Iron Man?





Just in case you thought the cumbersome structure of the EU precluded prompt tit-for-tat in a trade war, via Reuters:


The European Union has renewed anti-dumping duties on ironing boards imported from China for a further five years, but lifted corresponding tariffs on the product from Ukraine.

The extension, announced on Tuesday, follows an appeal by three EU iron board makers against the potential ending of measures taken in 2007. They contended that Chinese producers in particular would resume dumping, selling at below cost or fair market price.

The EU market for ironing boards is worth around 100 million euros (86.0 million pounds), a tiny fraction of the 290 billion euros of goods imported from China, but the extension of measures is a further irritant to Chinese producers and the Beijing government.

EU-China trade tensions are high. The EU last month began imposing duties on imports of solar panels from China, worth 21 billion euros in 2011, prompting Beijing to launch an investigation into EU wine.

For ironing boards, Chinese producers had a 40-45 percent share of the EU market, with annual sales of some 10 million boards, but this fell to 15-20 percent in 2011 after duties were imposed.

The notice in the Europe Union's official journal on Tuesday said the Chinese were still undercutting the prices of EU makers by 20 percent.

It concluded that a repeal of anti-dumping measures would result in increased Chinese exports at dumped pricing levels.

For Ukraine, with single producer Eurogold Industries Ltd, its share of the market actually rose to 10 from 8 percent, even with duties, principally because Chinese competition eased.

Duties were originally set in 2007 at 9.9 percent for imports from Ukraine and up to 38.1 percent for those from China. In 2010 the EU cut the Ukraine tariff to 7.7 percent and introduced a new top rate for Chinese producers of 42.3 percent.

I particularly enjoy the supernatural predictive powers of the EU, which knows for certain that the Chinese makers will start dumping as soon as the 42.3% tariff--which has been in place for over five years--comes off.

Who can Chinese ironing board manufacturers and free market capitalists turn to in their time of need?

Iron Man, of course!






Housekeeping Note:

Frequent visitors to China Matters will notice that the blog now looks different.  Rest assured, China Matters does not worship blindly at the altar of useless novelty.  It transpired that Google, with its usually thoughtfulness, had quietly degraded support for the original Blogger templates to the point that the post archiving function no longer worked properly.  Therefore, I gritted my teeth and upgraded to a new template and will tweak the content as time permits.  I don’t know if people who follow the blog consider it necessary or desirable to have their avatars displayed at the bottom of the page.  If there are any concerns or suggestions please e-mail me and I will deal with the matter…in mid-August, when I get back to blogging after a trip.

15 comments:

mahjong said...

Really impressive post. I read it whole and going to share it with my social circules. I enjoyed your article and planning to rewrite it on my own blog.
mahjong | agario | minecraft | kizi | hulk games | mickey mouse games | sniper games | pacman

El Taufan said...

Thanks for Sharing That... Sucses for You

getoifile

getdriversforpc

offlineinstallerfilehippo

theprinterdriver

esoftpedia

filehorse

thesoftpedia

caranddriver

smadav

Unknown said...

this blog is really helpful. i found very interesting things here.
- minecraft games
- happy wheels
- happy wheels
- tetris
- brain games
- puzzle games
- agario hi
- abcya
- fnaf

Unknown said...


This is the game is played so great. Invite you to experience it interesting things there.
strike force heroes | strike force heroes 4
slither.io | age of war | happy wheels | tank trouble 2

With a Hotmail account, you can send and receive emails quickly and easily as well as login and use all Microsoft services.
sign in to gmail | log in to gmail

hotmail sign in | hotmail login

Unknown said...

I was working and suddenly I visits your site frequently and recommended it to me to read also. Age Of War 2
Big Farm | Slitherio
Tank Trouble | Happy Wheels
Goodgeme Empire | Slither.io

Blogger said...

There's a chance you qualify for a new government sponsored solar program.
Find out if you qualify now!

Blogger said...

QUANTUM BINARY SIGNALS

Get professional trading signals sent to your cell phone daily.

Follow our trades NOW & gain up to 270% per day.

Blogger said...

If you need your ex-girlfriend or ex-boyfriend to come crawling back to you on their knees (even if they're dating somebody else now) you must watch this video
right away...

(VIDEO) Text Your Ex Back?

Florahmelda said...

Hotel & hospitality assignment writing services are essential for hospitality management coursework writing service students and Hotel & Hospitality Writing Services seekers.

joignny said...



PC Matic is excellent antivirus software that can eliminate all types of virus threats from your system and make it clean and free of viruses. It has a very simple and friendly interface and is installed and can be wasted easily. Regardless of its different attractive features, sometimes, it creates some problems while working. Here you can easy way to read fix PC Matic Login not working issues.

Ralph G Atkins said...

Excellent post however I was wondering if you could write a little more on this subject? I’d be very thankful if you could elaborate a little bit more. Many thanks!
All Time Best Text to Speech Software

Johnsk51 said...



Watch Prime Video on Amazon My TV, users have to enter a 6-digit registration which you can visiting Amazon.com/mytv .Amazon Prime video is amazon streaming platform which is the main competitor of Netflix and other global streaming channels. You can watch your favorite movies and shows without any ads using amazon prime video. With the help of your Amazon Activation Code , users can easily activate their subscriptions on their smart TVs.


Johnsk51 said...



If you're watching via a connected device, smart TV or certain other platforms, you'll in some cases be provided an alphanumeric code on your screen. You will then need to visit
nbc.com/activate via a web browser to enter this code in order to connect your device. When you do, you'll proceed to the TV provider menu, where you can select your provider and enter your login and password.


Malwarebytes said...

Dial 1-877-916-7666 to reach our popular and trusted tech support centre. Talk to our qualified engineer and get authentic resolutions to your issues in quick time.

Assignment Writing Help said...

We are a top rated essay assignment help Online service here with experts specializing in a wide range of disciplines ensuring you get the assignments that score maximum grades.