European dairy, pork producers wary of Chinese retaliation for EV tariffs

The EU was China’s second-largest source of dairy products with at least 36% of the total value of imports in 2023. — Reuters

SHANGHAI: Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China following the European Union’s (EU) decision on Wednesday to impose anti-subsidy duties on Chinese-made EVs.

China’s state media have reported that domestic companies are preparing to request investigations into some EU dairy and pork imports over anti-subsidy or anti-dumping concerns, moves that could result in lengthy trade suspensions.