China hits EU dairy industry with tariffs of up to 42.7%
Move made after first phase of anti-subsidy investigation widely seen as retaliation for bloc’s EV tariffs
TL;DR
- China has imposed provisional duties of up to 42.7% on EU dairy imports starting Tuesday.
- The tariffs, ranging from 21.9% to 42.7%, target products like milk and cheese, including protected origin brands.
- The European Commission has deemed the Chinese investigation and measures "unjustified and unwarranted."
- This move is seen as a retaliatory measure following the EU's anti-subsidy investigation into Chinese electric vehicles.
- China claims to have found evidence that EU dairy imports were subsidized, harming domestic producers.
- Several European dairy companies, including Arla Foods, Sterilgarda Alimenti SpA, and FrieslandCampina, will be affected by these tariffs.