Chinese exporters agree to raise prices to avoid anti‑dumping duties, echoing earlier electric vehicle agreement with European Union
Analysts say the deal, which will see exporters raise export prices to avoid anti‑dumping duties, could avert punitive tariffs and safeguard market access for Chinese exports.
John Gong, a professor of economics at the University of International Business and Economics in Beijing, said: “Price undertaking could be a good solution when China faces significant pressure as a manufacturing and export powerhouse in the current global trade environment.”
He said such deals allowed the price premium to stay with exporting companies rather than being captured as punitive duties by importing countries.
China’s Ministry of Commerce also welcomed the “soft landing” in the dispute earlier in the week, noting that substituting anti-dumping duties with price commitments served the industrial interests of both nations. It said the deal would enhance the stability and predictability of the bilateral steel trade.
