Chinese tariffs on EU dairy to help 'bleeding' domestic industry, send message abroad

Core Viewpoint - China's farmers are experiencing an oversupply of milk, and the government's decision to impose tariffs on dairy imports from the European Union is anticipated to provide them with protection as they expand into higher-margin products such as cream and butter [1] Industry Summary - The imposition of tariffs on EU dairy imports is expected to benefit local farmers by reducing competition from imported products [1] - Farmers are likely to shift their focus towards producing higher-margin dairy products, which could enhance their profitability [1]