The Trade Remedies Authority (TRA) has recommended a new ‘anti-dumping’ tariff of up to 83.5% on excavators imported from China to the UK.
It follows an investigation after a complaint from British construction equipment manufacturer JCB claiming that heavily state-subsidised Chinese manufacturers have increasingly targeted the UK market with cut-price excavators.
In international trade, ‘dumping’ refers to the export of a product at a lower price in the foreign importing market than the price in the exporter’s domestic market.
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