Reported 8 months ago
A recent investigation by China's Ministry of Commerce focuses on pork products, including fresh and frozen meat, in response to the EU's announcement of imposing up to 38.1% anti-subsidy tariffs on imported electric cars from China starting in July. Spanish and Danish pork industry associations have responded by cooperating with the investigation, fearing potential retaliation measures. If Beijing restricts EU imports, it could lead to increased market share for South America, the US, and Russia in China. The EU Commission remains unworried, ensuring compliance with WTO rules in response to China's investigation. China imported around $6 billion worth of pork in 2023, with over half from the EU and significant contributions from Spain, the Netherlands, and Denmark.
Source: YAHOO