China Launches Anti-Dumping Probe on European Pork Amid Retaliatory Trade Measures
China Launches Anti-Dumping Probe on European Pork Amid Retaliatory Trade Measures

China Launches Anti-Dumping Probe on European Pork Amid Retaliatory Trade Measures

News summary

China has launched an anti-dumping investigation into pork imports from the European Union, primarily targeting Spain, the Netherlands, and Denmark, in response to EU tariffs on Chinese electric vehicles (EVs). This move follows the European Commission's plan to impose duties of up to 38.1% on Chinese EVs starting July 5, citing unfair subsidies. The investigation, prompted by a complaint from the China Animal Husbandry Association, will focus on various pork products and aims to conclude within a year. EU officials have expressed confidence that the investigation will comply with WTO rules, while Spain has called for negotiations to avoid tariffs. Analysts predict that this could be the onset of a trade war, with potential further retaliatory measures from both sides. The EU exported over €2.5 billion worth of pork to China last year, making the stakes significant for European producers.

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