China extends anti-dumping tariffs on EU, UK steel fasteners imports
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China will extend anti-dumping tariffs on certain steel fasteners imported from the European Union (EU) and the UK for five years, Reuters reported, citing the country’s Commerce Ministry on Tuesday.
The anti-dumping tariffs will come into effect from June 29, the Ministry said.
Market reaction
The aussie shrugs off the Chinese trade woes, as AUD/USD keeps its recovery mode intact above 0.6900. At the time of writing, the pair is currently trading at 0.6927, up 0.07% on the day.
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