European dairy and pork producers wary of Chinese retaliation for EV tariffs

Published 2024년 6월 14일

Tridge summary

China is preparing to potentially initiate investigations into EU dairy and pork imports for possible anti-subsidy or anti-dumping practices, following the EU's decision to impose anti-subsidy duties on Chinese-made electric vehicles. This could result in trade suspensions, affecting the EU's second-largest dairy market and pork market, which includes major suppliers such as the Netherlands, Denmark, France, Ireland, Germany, and Spain. The situation highlights the risk of trade tensions escalating and impacting the stability of global markets, with potential repercussions for the dairy and pork industries in New Zealand, Australia, and Europe. The EU Agriculture Commissioner has urged to avoid imposing import duties on food products to prevent agriculture from bearing the brunt of issues in other sectors, as the history of trade tensions between the EU and China shows a pattern of food products being targeted in retaliatory tariffs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China after the European Union's decision on Wednesday to impose anti-subsidy duties on Chinese-made electric vehicles (EVs), reported Reuters. China's state media have reported that domestic companies are preparing to request investigations into some EU dairy and pork imports over anti-subsidy or anti-dumping concerns, moves that could result in lengthy trade suspensions. Chinese firms reserve the right to submit applications to prompt anti-subsidy and anti-dumping inquiries into European dairy and pork imports, its commerce ministry said on Thursday when asked whether Chinese industry groups were lobbying it to do so. "Chinese domestic industries have the right to file applications for investigations to safeguard the order of normal market competition and their legitimate rights and interests," ministry spokesperson He Yadong said. "If you have additional trade ...

Source: Thepigsite