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 cheese, including protected origin brands such as French roquefort and Italian gorgonzola. Continue reading...