EU introduces tariffs on Chinese steel road wheels

//EU introduces tariffs on Chinese steel road wheels

EU introduces tariffs on Chinese steel road wheels

Bloomberg: China Hit by EU Tariffs as High as 66%

Article published: Oct 10, 2019

IB Economics syllabus: International economics (protectionism, tariffs)

This is a superb article for an international economics IA. The EU steel road wheel producers accused their Chinese competitors of dumping (selling below their costs of production). Chinese producers are able to sell at such low prices due to “market-distorting government aid” which is nothing else than subsidies given by the Chinese government. As a result of the investigation, the EU approved a tariff on Chinese producers of steel road wheels of as high as 66%.

Make sure to have a thorough evaluation looking into the effects on different stakeholders, pros and cons, and short-run vs. long-run consequences of these tariffs imposed by the EU.

Source of image: Qilai Shen/Bloomberg

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By | 2019-10-24T07:22:09+00:00 October 24th, 2019|International Economics|Comments Off on EU introduces tariffs on Chinese steel road wheels

About the Author:

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I started my career as a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher. Currently, I teach IB Economics at SEK Budapest International School and have been an examiner for over 6 years. I started EconDaddy as a simple blog to share great articles with my students and others taking IB Economics around the world to use for their commentaries. Being a practicing IB Economics tutor, I have first hand insight into the most common mistakes of students, so the EconDaddy blog now also provides exam and commentary writing tips.

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