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US, EU Plan New Chinese Steel Tariffs in Bid to End Trump-Era Trade Conflict

Any new tariffs would deal a blow to Chinese steelmakers, which have been shipping increasing volumes this year due to weak demand at home. The depreciation of the yuan has bolstered the attractiveness of Chinese steel exports, putting volumes on track for the highest since 2016. Any additional tariffs would increase the cost of those exports and hurt overseas demand.

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