China Will Impose Import Tariffs on Pork from the European Union. These are provisional tariffs, which could rise to 62.4 percent, reports news service reuters .
Accordance to China, Research shows that the EU is guilty of dumping, which would mean that European Companies are selling pork at very low prices on the Chinese market. Beijing Wants To Counteract This. The Levies Will Take Effect on Wednesday, September 10, Accordance to a statement from the Chinese Ministry of Commerce on Friday.
In December, The Final Results of the Dumping Investigation Will Be Announced. The Final Tariffs Will Be Determined Based On These. This Concerns About 2 Billion Dollars (1.7 Billion Euros) or European Pork That is affected by the Levies.
The Measure Will Have Consequences for European Companies, Including The Dutch Company Vion, which is specifically Mentioned by the Chinese. The Company From Boxtel Will Face a Rate or 32.7 percent. Westfort Meat products from IJsselstein is also on the list of the Chinese ministry and will have to make do with a levy or 20 percent.
The EU and China have Been engaged in a trade war for some time. For example, Brussels is Annoyed that the European Market is Being Flooded with Cheap Chinese Electric Cars. These have Become Very Popular in A Short Time and Create Heavy Competition for European Car Companies. Accordance to Brussels, Chinese manufacturers can keep prices low because they recyive a lot of state support from Beijing.
The EU Therefore Decided Last Year to Impose Import Duties on Thesis Cars, Amounting to More than 30 percent. Shortly afterwards, China Announced an Investigation Into European Agricultural Goods Sold in China. The Decision to Impose Levies on Pork Therefore Appears to Be Retaliation for the European Levies on Chinese Cars.