{"id":314524,"date":"2026-02-28T10:09:10","date_gmt":"2026-02-28T10:09:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/314524\/"},"modified":"2026-02-28T10:09:10","modified_gmt":"2026-02-28T10:09:10","slug":"from-evs-to-steel-how-chinas-price-setting-deals-are-easing-trade-tensions","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/314524\/","title":{"rendered":"From EVs to steel, how China\u2019s price-setting deals are easing trade tensions"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China and South Korea have resolved a trade dispute over hot-rolled steel coils through a price-undertaking deal, mirroring the solution used in China\u2019s electric vehicle (EV) stand-off with the European Union.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Analysts say the deal, which will see exporters raise export prices to avoid anti\u2011dumping duties, could avert punitive tariffs and safeguard market access for Chinese exports.<\/p>\n<p>The <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/global-economy\/article\/3261344\/chinas-steel-industry-risks-falling-cliff-overcapacity-concerns-point-end-era?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">China Iron and Steel Association<\/a> said in a statement issued on Thursday night that it \u201cwelcomed and supported\u201d the use of a price-undertaking agreement to resolve an anti-dumping case initiated by South Korea last March.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">John Gong, a professor of economics at the University of International Business and Economics in Beijing, said: \u201cPrice undertaking could be a good solution when China faces significant pressure as a manufacturing and export powerhouse in the current global trade environment.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">He said such deals allowed the price premium to stay with exporting companies rather than being captured as punitive duties by importing countries.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s Ministry of Commerce also welcomed the \u201csoft landing\u201d in the dispute earlier in the week, noting that substituting anti-dumping duties with price commitments served the industrial interests of both nations. It said the deal would enhance the stability and predictability of the bilateral steel trade.<\/p>\n","protected":false},"excerpt":{"rendered":"China and South Korea have resolved a trade dispute over hot-rolled steel coils through a price-undertaking deal, mirroring&hellip;\n","protected":false},"author":2,"featured_media":314525,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[157278,5560,11019,114,1657,157281,4412,8074,1685,85,46,157280,46646,157277,11471,157279,17796],"class_list":{"0":"post-314524","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-anti-dumping-duties","9":"tag-beijing","10":"tag-brussels","11":"tag-business","12":"tag-china","13":"tag-china-iron-and-steel-association","14":"tag-electric-vehicles","15":"tag-european-commission","16":"tag-european-union","17":"tag-il","18":"tag-israel","19":"tag-john-gong","20":"tag-ministry-of-commerce","21":"tag-price-undertaking","22":"tag-south-korea","23":"tag-steel-trade","24":"tag-wto"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/314524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=314524"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/314524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/314525"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=314524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=314524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=314524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}