Brazil and Argentina among China's alternatives if it imposes tariffs on European pork

Published Oct 3, 2024

Tridge summary

China is considering increasing pork imports from Brazil or Argentina as a response to potential tariffs on EU pork, particularly from Spain. Despite the EU providing half of China's pork imports, it only covers 5% of the total consumption. In the event of restrictions, European pork would need to find other markets, potentially facing lower prices or competition from countries like the US, Brazil, Canada, Argentina, and Russia. However, China's focus on increasing domestic production and prices could limit the impact of potential tariffs. The situation is also seen as a response to EU retaliation rather than concerns about unfair competition.

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

Original content

Brazil or Argentina are among the alternatives from which China could increase its pork imports if it finally imposes tariffs on that meat from the European Union (EU), a measure that would especially affect Spain and that was announced in response to the taxes on Chinese electric companies. Brussels could approve these taxes this Friday. On June 17, the Chinese Ministry of Commerce announced an 'anti-dumping' investigation against pork or offal from the EU - both refrigerated and frozen - as well as fat from that animal and derivatives of them or viscera. According to data from Chinese Customs, in 2023 the Asian giant imported 1,537 million dollars from Spain in these products. These investigations, it should be remembered, do not affect Spain's star products such as ham or sausages, although these foods barely amounted to about 40 million dollars in exports to China last year. The Asian country is an important destination for offal and parts that are less sought after in Europe, ...

Source: PEefeagro