EU-China Dairy Trade Tensions Escalate Ahead of Tariff Deadline
China's Ministry of Commerce has finalized its proposed anti-subsidy duties on EU dairy imports, with tariffs now ranging from 7.4% to 11.7%, a reduction from earlier higher rates. This move is perceived as a retaliation against EU tariffs on Chinese electric vehicles. The European Commission is examining the latest developments.
- Country:
- Belgium
The European Commission has received the final calculations of China's intended anti-subsidy duties on EU dairy imports, signaling a significant moment in the ongoing trade tensions between the two economic powerhouses.
Notably, Chinese authorities revised the proposed tariffs downward to a range of 7.4% to 11.7%, from the provisional rates of 21.9% to 42.7% announced in December, alleviating some pressure on EU exporters. This adjustment follows feedback from European dairy industry associations.
The Chinese measures are perceived as retaliatory, linked to the EU's tariffs on China-based electric vehicles. Although the European Commission has voiced serious concerns, citing questionable motives and insufficient evidence, it remains committed to engaging in dialogue before the February 21 deadline.
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