Trade War Update: Beijing Likely to Lift Ban on Australian Lobsters, Plans to Investigate EU Dairy Products and Pork in Retaliation

Reported 8 months ago

During a visit to Australia by Chinese Premier Li Keqiang, it is speculated that the ban on Australian lobster exports may be lifted, signaling a potential thaw in China-Australia relations following the removal of tariffs on Australian wine. However, in response to the EU's temporary tariffs on Chinese electric cars, China plans to investigate EU dairy products and pork. This move is seen as part of the ongoing trade tensions between China and the EU, with China also considering measures against EU pork. The article also discusses the potential outcomes of these trade investigations and the impact on various industries.

Source: YAHOO

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