EU Imposes Tariffs on Imports of Steel Pipe From China.

The article reports on the approval of pre-emptive penalties on China's steel pipe imports by the European Union (EU) trade officials on July 28, 2009. Trade experts stressed the importance of the vote made by EU trade officials because they have accepted an argument from steel manufacturers about the need for tariffs in order to protect the industry from the impact of underpriced imports from China. Also noted are the factors that affected the steel industry in EU which includes high labor and environmental costs in Europe.