China slaps tariffs of up to 42.7% on EU dairy products, alleging 'damage' to the domestic dairy industry

Core Viewpoint - China has announced tariffs of up to 42.7% on dairy products from the European Union, citing substantial damage to its domestic dairy industries due to EU subsidies [1]. Group 1: Tariff Details - The tariffs will take effect on April 23, with rates determined by the amount of "ad valorem subsidy rates" from the Customs Tariff Commission [2]. - Tariff rates range from 21.9% to 42.7%, with companies that cooperated with the investigation facing a tariff of 28.6%, while non-cooperating companies will be subject to the maximum rate of 42.7% [2]. Group 2: Affected Products - The tariffs will apply to fresh and processed cheese, as well as certain types of milk and cream [3]. Group 3: Related Trade Actions - Recently, China reduced its tariffs on pork imports and pig by-products from the EU, with new rates ranging from 4.9% to 19.8% [3]. - In September, China imposed temporary anti-dumping tariffs of up to 62.4% on pork imports from the EU [3]. - The EU has challenged China's tariffs on EU brandy at the World Trade Organisation, claiming they do not comply with WTO rules [4].