Caixin
Nov 18, 2021 05:13 AM
BUSINESS

Chinese Telecom Gear Hit With EU Tariffs in Pricing Row

Optical-fiber cables from China’s FiberHome and Nanjing Wasin Fujikura were hit with 44% EU tariffs following a trade group’s dumping complaint.
Optical-fiber cables from China’s FiberHome and Nanjing Wasin Fujikura were hit with 44% EU tariffs following a trade group’s dumping complaint.

(Bloomberg) — The European Union imposed tariffs of as much as 44% on optical-fiber cables from China, affecting the supply of next-generation telecommunications equipment used by Deutsche Telekom AG and others.

Chinese exporters of core broadband gear for future 5G networks will face EU tariffs to counter unfair price undercutting known as dumping, according to an EU legal document published Wednesday on the authority’s website. Regulators said below-cost pricing risked driving EU producers out of the European market, and there were plenty of alternative suppliers in Europe and elsewhere to replace the Chinese goods.

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