China lowers anti-dumping tariffs on pork imports from the EU

"China will impose tariffs of up to 19.8% on pork imports from the European Union, a drastic drop from preliminary tariffs of up to 62.4%, its Commerce Ministry said Tuesday. The ministry's announcement followed an investigation the Chinese side launched into imports of pork from the trading bloc after the EU imposed provisional tariffs on China-made electric vehicles. Beijing also levied anti-dumping duties on European brandy, most notably cognac produced in France, though major brandy producers received exemptions."

"In September, China ordered preliminary anti-dumping duties, in the form of security 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 all others. China's Commerce Ministry concluded that the EU was dumping pork and pig by-products in China, selling them at prices below production costs or domestic market prices, and harming China's pork industry. The final tariff rates of 4.9%-19.8% are due to take effect beginning Wednesday and last for five years."

"Spain, the Netherlands and Denmark will be the most affected. The Commerce Ministry said the new tariff will apply to all kind of pork products, fresh, chilled, frozen, dried, pickled, smoked or salted. It said it had reached its conclusions in an "objective, fair and impartial manner." EU exports of pork products to China peaked at 7.4 billion euros ($7.9 billion) in 2020 when Beijing turned to imports to meet domestic demand after its pig farms were devastated by a swine disease."

China will impose final tariffs of 4.9%–19.8% on pork imports from the European Union, replacing earlier preliminary rates up to 62.4%. The tariffs follow an investigation launched after the EU imposed provisional duties on China-made electric vehicles. Beijing also implemented anti-dumping duties on European brandy, notably French cognac, with exemptions for major producers, and initiated probes into EU dairy imports. Preliminary security-deposit duties ranged from 15.6% to 32.7% for cooperating firms and up to 62.4% for others. The Commerce Ministry concluded that EU exporters were dumping pork and pig by-products, damaging China's pork industry. The measures take effect for five years and most affect Spain, the Netherlands, and Denmark.

Read at Fast Company