BRUSSELS, Nov. 24 (Xinhua) -- Chinese exporters warned Monday that a possible decision made by the European Union (EU) to imposeanti-dumping duties on Chinese-made fasteners will hurt both sides and may fuel tensions between the two trading powers.
BOTH SIDES LOSE
"The duties will not only deny Chinese exporters the access to the EU market, but also increase costs for European industries which rely on those products and in the end make European consumers pay," said Zhang Feng, deputy secretary-general of the Jiaxing Association of Fastener Import and Export Companies, a Chinese exporters lobby which leads a legal fight on the case.
Following one year's investigation, the European Commission proposed early this month to impose anti-dumping duties of between63 and 87 percent on Chinese fasteners over the next five years and the EU member states are due to make a formal decision on this Wednesday.
The measure will cover up to 200 fasteners imported from China such as screws and bolts widely used for cars, large household appliances and machinery in the EU.
The value of the imports reached 575 million euros (736 million U.S. dollars) last year, which makes it one of the biggest EU anti-dumping cases against China.
WASHINGTON — General Motors is recalling 872 2015 Chevrolet Corvette sports cars in two separate actions to replace the driver's airbag and to correct the parking brake cable installation, according to the National Highway Traffic Safety Administration.
There are no crashes, injuries or fatalities linked to either recall, according to GM.
GM is recalling 783 Corvettes in the parking brake cable recall.
"If the parking brake cable isn't fully seated and engaged on both of the rear park brake drums, the vehicle may roll away if parked on a steep gradient, increasing the risk of a crash," said NHTSA in its summary of the problem.
The 2015 Chevrolet Corvette was the subject of a stop-delivery order to dealers in mid-September, as previously reported by Edmunds.
In the case of the parking brake cable recall, GM spokesman Alan Adler said that since the "service procedure was released on September 29, more than half of those vehicles (57 percent) have been inspected and repaired as necessary."
Dealers will inspect and correct the park brake cable installation in this recall.
The affected vehicles were built from August 20, 2014 to September 4, 2014.
In the second recall, the driver airbag module back plate may fracture, allowing the driver airbag to separate from the steering wheel, according to NHTSA. GM is recalling 89 Corvettes in the U.S. to address this problem.
"An airbag that separates from the steering wheel may increase the risk of injury to the driver in the event of a crash," NHTSA said.
The affected vehicles were built from August 20, 2014 to August 27, 2014.
"The final population of recalled vehicles was lower than originally indicated at the time of the stop-delivery," Adler wrote in an e-mailed message. "Including two vehicles in Canada and three in Mexico, the total recall population is 94."
Chevrolet dealers will replace the driver-side airbag. The Corvette airbag recall begins on October 27.
Owners can contact Chevrolet at 1-800-222-1020.
Edmunds says: If you own the 2015 Corvette, it's best to stay in touch with your dealer for next steps on these two recalls.