China puts anti-dumping tariff of up to 18.9% on imports of pork from the EU

China volition enforce tariffs of up to 19.8% connected pork imports from the European Union, a drastic driblet from preliminary tariffs of up to 62.4%, its Commerce Ministry said Tuesday.

The ministry's announcement followed an probe the Chinese broadside launched into imports of pork from the trading bloc aft the EU imposed provisional tariffs connected China-made electrical vehicles.

Beijing besides levied anti-dumping duties connected European brandy, astir notably cognac produced successful France, though large brandy producers received exemptions. Imports of dairy products from the EU likewise were taxable to anti-dumping probes.

The EU runs a monolithic commercialized shortage with China: implicit 300 cardinal euros ($348 billion) past year. However, the trading bloc is simply a large exporter of pork and cardinal supplier of byproducts specified arsenic ears, snouts, feet and different items considered to beryllium delicacies successful China.

In September, China ordered preliminary anti-dumping duties, successful the signifier of information deposits, of 15.6% to 32.7% for pork imports from EU companies that collaborated with the anti-dumping investigation, and up to 62.4% for each others.

China’s Commerce Ministry concluded that the EU was dumping pork and pig by-products successful China, selling them astatine prices beneath accumulation costs oregon home marketplace prices, and harming China’s pork industry. The last tariff rates of 4.9%-19.8% are owed to instrumentality effect opening Wednesday and past for 5 years.

Spain, the Netherlands and Denmark volition beryllium the astir affected.

The Commerce Ministry said the caller tariff volition use to each benignant of pork products, fresh, chilled, frozen, dried, pickled, smoked oregon salted.

It said it had reached its conclusions successful an “objective, just and impartial manner.”

EU exports of pork products to China peaked astatine 7.4 cardinal euros ($7.9 billion) successful 2020 erstwhile Beijing turned to imports to conscionable home request aft its pig farms were devastated by a swine disease. But it has reduced imports arsenic it has rebuilt its herds.