EU slaps Egypt, China with five-year anti-dumping tariffs on glass fiber fabrics: The EU has imposed a five-year, 20% tariff on glass fiber fabrics sold in the bloc by Egypt-based exporters. It has also imposed even heavier tariffs on between 37-99% on Chinese exporters to counter dumping practices, Bloomberg reports. The anti-dumping duties, which will take effect today, partially wrap up a trade dispute arising that caused “material injuries” to EU producers including Finland-based Ahlstrom-Munksjo Oyj. An inquiry by the European Commission to decide whether to impose tariffs on the widely used industrial good began in February 2019.

The investigation is parallel to another probe by the commission into alleged subsidies the Egyptian and Chinese governments are providing to glass fiber reinforcements exporters. In both cases — glass fiber fabrics and reinforcements — the commission is targeting Jushi Egypt for Fiberglass Industry, a subsidiary of Chinese giant Jushi Group that opened in the Suez Canal Economic Zone in 2012. The glass reinforcements probe saw the bloc provisionally impose a tariff of 8.7% that took effect last month. The commission set a July deadline to determine whether it will prolong this for five years, too.