China imposes up to 42.7% tariffs on European Union dairy imports after an anti-subsidy probe, escalating trade tensions as the European Union seeks WTO consultations.
China levied tariffs on some dairy imports from the European Union — a major exporter, following an anti-subsidy probe, adding to a tit-for-tat trade dispute with the bloc.
In an preliminary decision, Beijing declared it will levy up to 42.7% duties on some dairy products from the bloc after finding that the exports were subsidised, according to the commerce minisattempt. China launched an investigation into shipments from the region in August 2024, focutilizing on products including fresh and processed cheese.
Also read: China retains benchmark lfinishing rates despite tepid macro numbers
The European Union later challenged the probe by requesting consultations via the World Trade Organisation.
In an preliminary decision, Beijing declared it will levy up to 42.7% duties on some dairy products from the bloc after finding that the exports were subsidised, according to the commerce minisattempt. China launched an investigation into shipments from the region in August 2024, focutilizing on products including fresh and processed cheese.
Also read: China retains benchmark lfinishing rates despite tepid macro numbers
The European Union later challenged the probe by requesting consultations via the World Trade Organisation.
(Edited by : Srabastee Biswas)
Leave a Reply