EU may extend aluminum tariffs for 5 years

Trade protection measures could see foil exporters from China, Brazil pay duties of up to 30 percent

The European Union has threatened to renew tariffs on aluminum foil from China and Brazil for another five years while letting lapse a similar levy against Armenia.

The EU said it would examine whether to re-impose the duties as high as 30 percent on Chinese and Brazilian aluminum-foil exporters such as Shanghai-based Alcoa Aluminum Products Co and Companhia Brasileira de Aluminio.