• Home
  • Categories
  • News
  • Community
EN
EN
Home
CategoriesNewsGlossaryCommunityAbout Us
Contact Us
Social Media
Region
🌏International
Region
🌏International

Copyright © 2023-2026 Traderknows Ltd. All rights reserved.

Contact
Home
/
News
/
China's Ministry of Commerce announces anti-dumping probe on EU pork and by-products

China's Ministry of Commerce announces anti-dumping probe on EU pork and by-products

TraderKnowsTraderKnows
2024-06-17
Summary:On Monday, China's Ministry of Commerce announced an anti-dumping investigation into imported pork and by-products from the European Union, in response to the EU's tariff increase on Chinese electric vehicles.

China has initiated an anti-dumping investigation on imported pork and its by-products from the EU, primarily targeting Spain, the Netherlands, France, and Denmark, in response to the EU's restrictions on Chinese electric vehicle exports.

The Ministry of Commerce of China announced this investigation on Monday, focusing on pork meant for human consumption, such as fresh, frozen, and chilled whole cuts, as well as pig intestines, bladders, and stomachs. The investigation will commence on June 17.

The Ministry stated that the investigation was launched following a complaint filed by the China Animal Husbandry Association on behalf of the domestic pork industry on June 6.

Global food companies have been on high alert for potential retaliatory tariffs from China ever since the European Commission announced on June 12 that it would impose countervailing duties of up to 38.1% on imported Chinese cars starting in July, sparking concerns fueled by reports in Chinese state media.

The state-supported Global Times first reported late last month that a certain "industry insider" disclosed plans by Chinese companies to request authorities to conduct an anti-dumping investigation on certain European pork products. The newspaper followed up with another report on June 8, urging officials to investigate European dairy imports as well.

Chinese authorities had previously hinted at possible retaliatory measures through comments in state media and interviews with industry insiders.

According to customs data, China imported pork and by-products worth $6 billion in 2023, with the EU accounting for more than half of that amount.

SKYPE TU

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End
Previous
Next
Comments
0/1000
TraderKnows
Written byTraderKnows
Created date:2024-06-17 09:34
Last Updated:2024-06-17 09:56
Independent Analysis: Manually researched and fact-checked by the TraderKnows Compliance Team, based on public regulatory records.
Wiki
Tariff

Tariffs are a type of tax that governments levy on imported and exported goods, typically appearing as a percentage of the value of the goods.

Organization

Active

TraderKnowsTraderKnows
Recent Post

Trump Invokes Defense Production Act with 850 Million USD for Coal Power to Meet AI Demand

06-05

NY Fed Index Shows High Supply Chain Pressures as Geopolitical Conflicts Raise Global Inflation Con…

06-05

Japan's Real Wages Rise for Fourth Consecutive Month, Fueling June BOJ Rate Hike Bets

06-05

China Flexible Employment Exceeds 300 Million as Blue-Collar Wage Growth Outpaces White-Collar for…

06-05

South Korean Stocks Post Steepest Weekly Drop Since March as Tech Valuations Reset

06-05

China Commercial Paper Rates Drop in Early June Amid Rising Bank Demand

06-05

UK House Prices Unexpectedly Fall in May as Geopolitical Tensions Push Up Borrowing Costs

06-05

Massive Intervention Fails to Save Yen as Short Positions Surge Near Historic Lows

06-05

AI Momentum Pauses as Broadcom Outlook Misses High Expectations; Markets Await Payrolls

06-05

SpaceX Launches 75B USD IPO Roadshow as Access Blocked in Mainland China and Hong Kong

06-05

Global Gold ETFs See $2 Billion Outflows in May as Capital Pivots to Tech Assets

06-05

Nikkei Drops Over 1% on Tech Sector Pullback While Real Wage Growth Provides Support

06-05

South Korea Lifts Mandatory Reporting for Crypto Transfers Over 10M Won

06-05

Amundi Says Asian AI Stocks Supported by Fundamentals as Fed Path Poses Key Risk

06-05

Taiwan Stocks Close 1.33% Lower on Broadcom Drop But Hold Key Technical Support

06-05

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.