Hafsa Mustafa Posted in Business
China hits EU dairy with tariffs, broadening trade conflict
China will impose provisional duties of up to 42.7% on dairy products imported from the European Union, the latest in a series of measures against EU exports widely seen as retaliation for the bloc's electric vehicle tariffs. The duties, to be collected from Tuesday, will range from 21.9% to 42.7%, although most companies will pay just under 30%. They target unsweetened milk and cream and fresh and processed cheeses, including the iconic French Roquefort and Camembert. Read More…
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