Ford takes it to the Edge
China has accused the European Union of hurting competition by imposing antidumping duties on Chinese steel, ratcheting up growing global tensions over a flood of low-cost Chinese exports. The EU duties announced on Friday are the latest in a series of measures taken by Europe, the United States and other trading partners in response to what they say are improperly low prices for Chinese steel. They complain the flood of Chinese exports is depressing global prices, hurting foreign competitors and wiping out jobs. A Commerce Ministry statement said Chinese steel exports could not affect prices because they account for just 5 percent of the European market. “Rashly taking such wrong steps as trade protection and restricting fair market competition is not the right direction for development of the European Union steel industry,” said the statement. The latest EU duties apply to hot-rolled steel, which is used in construction, shipbuilding and pipelines, and heavy steel plates used in construction.
The new Ford Edge CUV has been released. “The company’s new flagship vehicle offers class-leading space, harmonious, materialled interior design with premium execution, and bold, sporty exterior styling,” said a spokesman for Ford.