EU’s new biodiesel tariff increases will harm ties, say analysts


The EU’s tariff measures are at risk of facing a backlash. — China Daily

BEIJING: China’s trade tensions with the European Union (EU), which have been fuelled by a string of tariff increases and protectionist actions by Brussels against Chinese enterprises, could intensify further as the bloc is set to levy provisional duties of up to 36.4% on biodiesel imports from the nation.

The provisional tariffs will come into effect on Aug 16, but their investigation will continue until February, when definitive duties for five years could be set.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Toyota still has the drive
Hurdles in DBS’ Alliance Bank bid
Metals keep shining bright
Retailers get a lift from Sara
iCents eyes Asean
Ringgit likely to trade within narrow range next week ahead of BNM OPR decision
Reading the market signals
Breathing new life into forgotten spaces
Urban harmony: Can stakeholders row together?
China’s gold rush continues

Others Also Read