China has reduced the proposed customs duties on certain dairy products from the European Union, concluding an anti-subsidy investigation that many saw as Beijing's retaliatory measure to the EU's imposition of tariffs on Chinese electric vehicles, reported two European industry associations, writes Reuters. In the final tariffs presented to the European side, China proposes to impose additional duties of up to 11.7%, which is lower than the maximum rate of 42.7% announced in December under preliminary duties, according to the European Milk Association (EDA) and Eucolait. According to industry representatives, a rate of 9.5% will apply for many companies. The agency was unable to quickly obtain comments from the European Commission and the Chinese Ministry of Commerce. The investigation in the dairy industry focused on products such as cream and cheese. It was initiated after a verification concerning brandy and pork. The reduction in rates will make it difficult for EU products ...