From Global News.
China will impose provisional duties of up to 42.7 per cent on certain dairy products imported from the European Union, including French iconic blue cheese Roquefort and cream, after concluding the first phase of an anti-subsidy probe widely seen as retaliation for the bloc’s electric vehicle tariffs.
The tariffs will range from 21.9 per cent to 42.7 per cent, although most companies will pay around 30 per cent. Duties will start being collected on Tuesday.
"The Commission’s assessment is that the investigation is based on questionable allegations and insufficient evidence, and that the measures are therefore unjustified and unwarranted," EU spokesperson Olof Gill said Monday.
Trade tensions with the EU erupted in 2023 when the European Commission – which oversees the bloc’s trade policy – launched an anti-subsidy investigation into Chinese-made electric vehicles.
For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews


