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China has imposed provisional tariffs of up to 42.7% on certain dairy products from the European Union following an anti-subsidy investigation. The tariffs, ranging between 21.9% and 42.7%, will target products including milk and cheese, with most companies facing around 30% tariffs. The measure is seen as a retaliatory move against the EU's electric vehicle tariffs.
China has launched provisional tariffs ranging from 21.9% to 42.7% on specific dairy imports from the European Union, following the completion of the first phase of an anti-subsidy investigation. This move is widely seen as a retaliatory measure against the EU's recent tariffs on Chinese electric vehicles. The tariffs will become effective immediately and target various dairy products including milk and specialty cheeses such as Roquefort.
The tariff rates will vary between 21.9% and 42.7%, with the majority of companies expected to face rates around 30%. The tariffs will be implemented starting Tuesday, according to the Chinese authorities. This development comes as part of China's response to what it perceives as protectionist measures from the EU.
The affected products include various types of milk and cheese, potentially impacting EU dairy exporters significantly. The European Commission has been contacted for comment but has not responded immediately. This trade tension between China and the EU could have broader implications for global dairy markets and trade relations.
China Imposes Tariffs on EU Dairy
Trade Retaliation Measure
Anti-Subsidy Investigation Conclusion