On Tuesday (December 16th), China announced the imposition of anti-dumping duties on EU related pork and pig by-products, citing dumping. However, the highest tax rate dropped from 62.4% when the preliminary ruling was announced in September to 19.8%.

The Chinese Ministry of Commerce announced on its official website that starting from Wednesday (17th), anti-dumping duties will be imposed on imported pork and pig by-products originating from the European Union, with a maximum tax rate of 19.8%.

The Ministry of Commerce announced an anti-dumping investigation into the above-mentioned products in June last year. In September this year, the investigating authority announced its preliminary determination that imported pork and pig by-products originating from the European Union were subject to dumping, with a maximum tax rate of 62.4%.

Prior to the latest announcement by the Chinese Ministry of Commerce, the EU High Representative for Foreign Affairs and Security Policy, Kallas, stated that China is increasingly weaponizing its economic relations for political gain.

Trade imbalance has long been a thorny issue between major Western trading partners and China.

After French President Macron's visit to China this month, the French newspaper Echo published an interview with Macron. Macron warned in an interview that if China fails to address the growing trade imbalance with the EU, the EU may ultimately be forced to take tough measures against China, including imposing tariffs.

On Tuesday (December 16th), China announced the imposition of anti-dumping duties on EU related pork and pig by-products, citing dumping. However, the highest tax rate dropped from 62.4% when the preliminary ruling was announced in September to 19.8%.

The Chinese Ministry of Commerce announced on its official website that starting from Wednesday (17th), anti-dumping duties will be imposed on imported pork and pig by-products originating from the European Union, with a maximum tax rate of 19.8%.

The Ministry of Commerce announced an anti-dumping investigation into the above-mentioned products in June last year. In September this year, the investigating authority announced its preliminary determination that imported pork and pig by-products originating from the European Union were subject to dumping, with a maximum tax rate of 62.4%.

Prior to the latest announcement by the Chinese Ministry of Commerce, the EU High Representative for Foreign Affairs and Security Policy, Kallas, stated that China is increasingly weaponizing its economic relations for political gain.

Trade imbalance has long been a thorny issue between major Western trading partners and China.

After French President Macron's visit to China this month, the French newspaper Echo published an interview with Macron. Macron warned in an interview that if China fails to address the growing trade imbalance with the EU, the EU may ultimately be forced to take tough measures against China, including imposing tariffs.