China threatens retaliation on EU pig imports amid escalating e-car tariffs dispute.
The Department of Trade in Beijing revealed on a Monday briefing that an inquiry will commence, following a request from the Chinese Pork Farmers Guild, who voiced concerns about the country's pork meat and related products imports from the European Union (EU) being subject to Anti-Dumping laws within the People's Republic of China.
In a turn of events, the EU's executive arm declared an increase in tariffs up to 38% on Chinese cars, citing allegations of excessive subsidies provided to local automakers, which supposedly hinders European auto manufacturers. The EU Commission, under pressure from the German government, allowed a transitional period for negotiations with Chinese authorities and companies, effective early July, before implementing the new tariffs.
The response from Beijing was swift and stern, slamming the EU's "protectionist" moves as damaging to European interests. The Chinese media has been vocal about retaliatory tariffs on EU exports, such as pork meat or dairy products. It's worth noting that, in January, China initiated an Anti-Dumping investigation into brandy, a move that was interpreted as a direct message to France, a strong advocate for the implementation of car tariffs at the EU level.
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- The Ministry of Trade in the EU has expressed concern over China's threat of retaliation on EU pig imports, potentially affecting the ongoing dispute over e-car tariffs.
- The EU Commission, in cooperation with the Ministry of Trade, is evaluating potential measures to respond to China's promise of EU customs duties on pork imports.
- Brussels is closely monitoring the situation with China, as both the EU Commission and the Ministry of Trade seek to protect EU interests in the face of Chinese retaliation on pig imports.
- In light of the EU's increased tariffs on Chinese cars, Beijing has stated its intent to impose customs duties on EU e-cars, which could further escalate tensions between the two trading blocs.
- The EU Commission, collaborating with the Ministry of Trade, is engaged in negotiations with Chinese authorities and companies to find a resolution to the pig imports dispute and avoid escalating the e-car tariffs conflict.
