China slaps tariffs of up to 42.7% on EU dairy products
French cheeses are on display in a store in Paris.
Bertrand Guay | Afp | Getty Images
China announced tariffs of up to 42.7% on dairy products from the European Union on Monday following the results of an anti-subsidy investigation. It started in August 2024.
In a statement EU subsidies for dairy products have caused “significant harm” to China’s domestic dairy industry, the country’s Ministry of Commerce said.
The Ministry stated that the tariffs will come into force on April 23 and the rates will be “ad valorem subsidy rates“From the Customs Tariff Commission.
According to the statement, tariffs vary between 21.9% and 42.7%, while the highest rate of 28.6% is applied to companies that “cooperate with the investigation” and 42.7% to companies that “do not cooperate”. Ministry of Commerce official.
Products covered by the tariff include fresh and processed cheese, as well as some types of milk and cream.
Beijing last week cut his duties sharply New tariff rates on pork imports and pork by-products from the European Union, ranging from 4.9% to 19.8% on dozens of European pork exports.
China at the beginning of September provisional anti-dumping application Tariffs of up to 62.4% on pork imports from the EU in the form of cash deposits.
block separately He challenged China’s imposition in November The removal of customs duties on EU brandy imports at the World Trade Organization stated that “China’s temporary measures on EU brandy do not comply with WTO rules.”
Trade tensions flared after Brussels imposed tariffs of up to 45% on electric vehicles imported from China in October last year.
— CNBC’s Anniek Bao contributed to this report.
