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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 tariffsChina will impose provisional duties of up to 42.7% on certain dairy products imported from the EU from Tuesday after concluding the first phase of an anti-subsidy investigation widely seen as retaliation for the bloc’s electric vehicle tariffs.The tariffs will range from 21.9% to 42.7% – although most companies will pay about 30% – and target products such as milk and cheeses including protected origin brands such as French Roquefort and Italian Gorgonzola. Continue reading…
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