China imposes anti-subsidy measures on EU dairy products

According to the announcement from the Chinese regulatory agency, importers of dairy products from the EU will have to submit a compensatory deposit at Chinese customs. Essentially, this regulation will result in additional financial costs for European suppliers and will be applied until a final conclusion of the case is reached. The Chinese Ministry of Commerce also published a list of European businesses whose products are subject to the aforementioned measures, along with the countervailing duty rates expressed as a percentage of the customs value (ad valorem). Depending on the manufacturer, the additional tax rate ranges from 21.9% to 42.7% of the customs ...