EU tariffs against Chinese electric cars revised; Beijing reacts and targets cheeses produced in Europe

China has launched an anti-subsidy investigation into dairy products that Beijing imports from the European Union. The Ministry of Commerce reported in a statement released the day after the final draft of the countervailing duties decided by the European Commission on the import of electric cars built in China. The investigation into dairy products will examine 20 EU subsidy programs, including some provided for by the Common Agricultural Policy (CAP) and others specific to the dairy sectors in Italy and Finland. The investigation is expected to be completed within a year and may be extended for another six months in special circumstances. This is the reaction to the advancement of the EU procedure regarding duties on electric cars. On Tuesday, the EU refined the levels of trade tariffs that will be applied to the various producers. The latest percentages are: BYD 17%, Geely 19.3%, SAIC 36.3%. The other companies that cooperated 21.3%. Those that did not do so 36.3%. Previously ...