Reported 8 months ago
The Chinese Ministry of Commerce announced on June 17, 2024, that it is initiating an antidumping investigation on EU pork and related by-products, in response to the EU's punitive tariffs on Chinese electric cars. This move is seen as part of China's retaliation strategy, with potential future targets being dairy products. The investigation period for the pork imports is from January 1, 2023, to December 31, 2023, and for industry damages from January 1, 2020, to December 31, 2023. If restrictions on European pork imports are imposed, European industries fear significant losses due to China being a valuable market for pork exports. There are concerns that China's countermeasures may escalate further, as seen with previous probes on brandy and potential future actions on dairy products. EU dairy exports to China were valued at around €1.7 billion last year. The tense trade relations between China and the EU continue to evolve, impacting various industries and raising concerns about further retaliatory actions.
Source: YAHOO