Reported 8 months ago
On June 17, 2024, China retaliated against the EU's tariffs on Chinese electric cars by launching an anti-dumping investigation on EU-origin pork and pork products. The investigation follows the EU's decision to impose tariffs on Chinese electric vehicles. The EU does not express concern about China's anti-dumping probe, while Spain's Economy Minister Carlos Cuerpo emphasizes cooperation with the EU to avoid a trade war with China. China's punitive measures could significantly impact the EU's pork industry, particularly if China halts imports of European pork products like pig ears, noses, and feet, which have limited demand in Europe. While this may severely affect European pork farmers, the overall trade impact between China and the EU remains limited, as pork accounts for a small portion of China's imports from the EU.
Source: YAHOO