|Bid||157.50 x 0|
|Ask||158.00 x 0|
|Day's Range||155.00 - 161.00|
|52 Week Range||111.00 - 166.00|
|Beta (3Y Monthly)||0.53|
|PE Ratio (TTM)||27.10|
|Earnings Date||Aug 9, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||3.50 (2.29%)|
|1y Target Est||158.44|
EU governments voted on Tuesday to impose duties on Chinese electric bicycles to curb cheap imports that European producers say benefit from unfair subsidies and are flooding the market, EU sources familiar with the case said. The European Commission, which is investigating on behalf of the 28 EU members, has proposed that definitive or final tariffs of between 18.8 and 79.3 percent should apply for all e-bikes coming from China. The anti-dumping and anti-subsidy duties are the latest in a series of EU measures against Chinese exports ranging from solar panels to steel, which have sparked strong words from Beijing.
The European Union will impose duties from Thursday on Chinese electric bicycles in a move to curb cheap imports that European producers say are flooding the market. The anti-dumping duties are the latest in a series of EU measures against Chinese exports ranging from solar panels to steel, which have sparked strong words from Beijing. The EU shares U.S. concerns about technology transfers and state subsidies but has called on countries to avoid a trade war.
The European Union opened an investigation on Monday into whether to extend anti-dumping duties on Chinese bicycles, after European makers said they feared an influx of Asian imports could destroy their industry. A series of EU anti-dumping cases has increased trade tensions between Brussels and Beijing at a time when both are facing protectionist measures from Washington. The European Bicycle Manufacturers Association (EBMA) urged European Commission officials to act, saying Chinese manufacturers would massively ramp up imports into the bloc if the restrictions were lifted.
Chinese electric bicycles will have to be registered in the EU in a move by the bloc to curb cheap imports which European manufacturers say are flooding the market. The European Commission had sufficient evidence to show that Chinese manufacturers were dumping e-bikes - which have electric motors to help with pedalling - in Europe and were receiving subsidies, the European Union's official journal said. In the latest in a series of EU studies into and measures against Chinese exports ranging from solar panels to steel, the Commission has launched anti-dumping and anti-subsidy investigations into e-bikes.