Reported 8 months ago
China, in retaliation against the EU's decision to impose tariffs as high as 38% on electric cars from China, has announced a year-long anti-dumping investigation on EU pork imports following an application by the China Animal Agriculture Association. This move was expected and seen as a response by China, with the EU Trade Commission expressing no concern but closely monitoring the investigation. Spain, a major supplier of pork to China, along with France, the Netherlands, and Denmark, is now concerned about the potential impact of China's retaliatory measures on pork farmers. EU pork production accounts for 20% of the global total, and over half of China's imported pork comes from Europe. Discussions are ongoing to potentially avoid punitive tariffs. Italian vendors suggest diversifying markets, while Danish pig farmers fear significant damage if China restricts EU pork imports.
Source: YAHOO