China has imposed tariffs of up to 42.7 per cent on certain dairy imports from the EU, after a 16-month anti-subsidy investigation that ratcheted up trade tensions between Brussels and Beijing.
The commerce ministry said in a preliminary decision on Monday that it had found dairy imports from the EU were subsidised, and that China’s domestic industry “suffered material injury” as a result.
The tariffs, of between 21.9 and 42.7 per cent but which for most affected companies are just under 30 per cent, will take effect from December 23.
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