China slaps tariffs of up to 42.7% on EU dairy products, alleging 'damage' to the domestic dairy industry
Products that will be affected include fresh, processed and blue cheeses.
TL;DR
- China will impose tariffs of up to 42.7% on EU dairy products starting December 23.
- The tariffs are a result of an anti-subsidy investigation launched in August 2024, citing damage to China's domestic dairy industry.
- Tariff rates vary from 21.9% to 42.7%, with non-cooperating companies facing the highest rate.
- Affected products include various cheeses, milk, and cream.
- This action follows previous trade disputes, including EU tariffs on Chinese electric vehicles and Chinese tariffs on EU brandy.
- An EU spokesperson called the measures "unjustified and unwarranted."
- Recently, China also reduced tariffs on EU pork imports after imposing temporary anti-dumping tariffs in September.