• About
  • Advertise
  • Contact
Saturday, December 20, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Technology

China lowers EU pork tariffs in final ruling after 18-month probe

by Sarkiya Ranen
in Technology
China lowers EU pork tariffs in final ruling after 18-month probe
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Importers will receive a refund on the difference between the rates paid since September.

[BEIJING/MADRID] China on Tuesday (Dec 16) sharply reduced tariffs on European Union pork imports worth over US$2 billion in the final ruling of an anti-dumping investigation seen as a response to the bloc’s duties on Chinese electric vehicles (EVs).

Some from the European pork industry voiced relief at the decision, though they said the tariffs would still hurt. The European Commission expressed concern, pledging to defend exporters.

China will impose tariffs of between 4.9 and 19.8 per cent on pork imports from the bloc for a five-year period starting on Wednesday, well below the 15.6 to 62.4 per cent imposed in a preliminary decision in September, China’s Ministry of Commerce said in a statement.

Importers will receive a refund on the difference between the rates paid since September.

The decision is a partial reprieve for European producers who depend heavily on the Chinese market, especially for the offal, such as pig ears and feet, rarely eaten elsewhere.

European Commission to assess WTO compliance

China’s anti-dumping investigation began in June last year and has affected major pork exporters such as Spain, the Netherlands and Denmark.

In 2024, over half of China’s US$4.8 billion worth of pork imports came from the EU, with Spain leading the bloc in exports by volume. That accounted for 17.6 per cent of EU pork exports, the second highest behind the UK, which imported a 29.7 per cent share, according to Spanish government data.

In a statement on Tuesday, the European Commission described China’s investigation as “based on questionable allegations and insufficient evidence”.

It vowed to defend EU farmers and exporters against what it called Beijing’s “abusive use of trade defence instruments” and said that it was “carefully assessing all the information available against compliance with WTO (World Trade Organization) rules”.

China also has an anti-subsidy investigation into European Union dairy exports that is due to report next February and has already imposed tariffs on EU brandy.

Talks on tariffs resume

China did not say why it chose to lower rates, though it said last week talks over EV tariffs had resumed. French President Emmanuel Macron and Spanish King Felipe have both recently visited Beijing.

Spanish regional leaders met China’s ambassador in recent weeks to ask for lower tariffs, citing Spain’s openness to Beijing’s investment in the automotive sector, a Spanish regional government source told Reuters.

Spanish Agriculture Minister Luis Planas told reporters that the domestic industry could absorb the new rate on pork exports, welcoming what he called an element of stability for the next five years.

He also said he understood the Commission’s concerns, adding that “everything is reversible” through negotiations.

Previously, major exporters to China, such as the EU and Brazil, were subject to “most-favoured nation” tariffs of around 12 per cent for many pork products. The anti-dumping duties come on top of these. US pork is subject to substantially higher tariffs.

Mixed feelings for European producers

Most Spanish firms are now subject to a relatively moderate tariff of 9.8 per cent. Spain’s Litera Meat got the lowest rate, at only 4.9 per cent, an outcome the company described as “very positive”.

Giuseppe Aloisio, head of Spanish industry group Anice, said he expected talks to continue, as the duties would hurt company margins.

In France, Anne Richard, director of pork industry association Inaporc, said: “There’s a sense of relief as all our abattoirs that export have been recognised as cooperating and have been granted a rate of 9.8 per cent.”

“Having said that, we can’t exactly rejoice at the prospect of a tax.”

Morten Boje Hviid, the CEO of Denmark’s Agriculture and Food Council, said the final tariffs were still high and created unequal competitive conditions, generating price pressures within the EU.

China’s approach was “dividing European economic policy”, said Nemesio Sanchez, an international trade consultant specialising in Iberico pork.

Home to half the world’s pigs, China’s massive hog sector is grappling with a supply glut amid weak consumer demand. Chinese pork prices have been falling throughout 2025 and are expected to continue their decline.

Even at the lower rate, the duties could slightly ease food price deflation by raising imported pork prices.

“That will benefit Chinese pig farming companies which have reckoned with low prices for pork all year,” said Even Rogers Pay, a director at Beijing-based consultancy Trivium China. REUTERS

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.



Source link

Tags: 18monthChinaFinalLowersPorkProbeRulingTariffs
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Hanukkah 2025: How Mayim Bialik, Alan Bersten and More Celebrities Are Celebrating 

Hanukkah 2025: How Mayim Bialik, Alan Bersten and More Celebrities Are Celebrating 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Access Denied

Access Denied

2 days ago
Alix Earle Supports “Heartbroken” Braxton Berrios After Injury During NFL Game – E! Online

Alix Earle Supports “Heartbroken” Braxton Berrios After Injury During NFL Game – E! Online

1 year ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In