Ford takes it to the Edge

7 Days in Dubai - - BUSINESS -

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.

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