China reduces final tariffs on dairy products from the EU

of Commerce said on Thursday. For comparison: in December, previous rates of up to 43% were announced, which were collected in the form of deposits. Since the leaders’ summit in July, the parties have been trying to deepen economic cooperation. In particular, French President Emmanuel Macron recently visited China. Earlier this week, the EU exempted one of Volkswagen AG’s Chinese-made electric cars from high import duties, the first car approved under a new mechanism designed to reduce tensions. Beijing launched an investigation into the European dairy sector in 2024 amid a trade dispute with the EU that has also extended to other food products, including meat and brandy. The final import tariff rates on pork announced in December were also significantly lower than the initial ones. “China is willing to maintain dialogue with the European side to create an open and stable market environment for Chinese and European industries,” said He Yadong, a spokesman for the Chinese Ministry ...