China lowers anti-dumping tariffs on European pork exporters

Core Points - China has announced lower duties on pork imports and pig by-products from the EU after concluding a year-long anti-dumping investigation [1][2] - The new tariff rates will range from 4.9% to 19.8% and will be effective for five years, starting from Wednesday [2] - Previously, China had imposed temporary anti-dumping tariffs of up to 62.4% on EU pork imports [2] - The EU is the largest pork exporter globally, with China being its single largest buyer, accounting for approximately 13% of the EU's annual pork production exports [3] Summary by Sections Tariff Changes - China has reduced tariffs on European pork imports, with new rates set between 4.9% and 19.8% [2] - These tariffs will be in effect for a duration of five years [2] Background Context - The reduction follows a year-long anti-dumping investigation into European pork imports [1] - Prior to this, China had implemented temporary tariffs as high as 62.4% on EU pork imports [2] Trade Relations - The trade tensions between China and the EU escalated after the EU imposed tariffs of up to 45% on electric vehicles from China [3] - The EU exports about 13% of its annual pork production, with China being the largest market for these exports [3]