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International relations

China loses WTO dispute with EU over steel dumping

Europe, US and Japan can slap tariffs on cheap Chinese products

China has been accused of flooding overseas markets with cheap steel exports.    © Reuters

BEIJING -- China has abandoned the fight to have the European Union change its standards on what counts as dumping, accepting the status quo that allows the EU, the U.S. and Japan to impose import tariffs by citing low Chinese prices.

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