China imposes duties on European steel products after curbs on imported shoes
China imposed anti-dumping duties on some European steel products Wednesday and accused Europe of protectionism for extending curbs on imports of Chinese shoes, adding to tensions fuelled by the slump in global trade.
China is to cut import duties on Swiss watches by 60 percent over the next 10 years under a free-trade agreement which should help reinvigorate Swiss watchmakers' sales in a key market.