In a significant escalation of trade tensions between China and the European Union, China’s Ministry of Commerce has launched an anti-dumping investigation targeting pork imports from the EU. This move is seen as a direct response to the EU’s recent decision to impose additional tariffs on Chinese electric vehicle imports, following an anti-subsidy investigation that began in September 2023. The investigation, which will focus on the period from 2020 to 2023, could particularly affect Spain, as it is the EU’s primary pork exporter to the Asian nation.The Chinese government has stated that the investigation will last no more than a year but may be extended by an additional six months. This probe comes on the heels of the EU’s announcement of increased tariffs up to 38% on Chinese electric vehicles starting from July 4th, a measure that has been met with strong criticism from Beijing. China has also threatened to impose tariffs on other EU goods, including pork, as a countermeasure.The European Commission has indicated it will closely monitor the investigation to ensure compliance with World Trade Organization rules. The situation underscores the delicate balance of trade relations between the two economic powers and the potential for a broader impact on global trade dynamics.
Key points
- China initiates anti-dumping investigation into EU pork imports, potentially affecting Spain, the EU’s largest exporter.
- The probe is a response to the EU’s increased tariffs on Chinese electric vehicles, highlighting escalating trade tensions.
- The EU plans to closely monitor the investigation, emphasizing adherence to WTO rules.
