Core Viewpoint - China has reduced import tariffs on EU dairy products from previously high provisional rates, responding to lobbying from the European Commission and the European Dairy Association (EDA) [1][2] Group 1: Tariff Changes - The new tariff rates have been set at a maximum of 11.7%, with some EU companies, such as Arla Foods and Lactalis, benefiting from even lower rates of 9.5% [2] - The previous provisional tariffs ranged from 21.9% to 42.7%, which were imposed following an anti-dumping investigation initiated in 2024 [1][5] Group 2: Industry Response - The EDA plans to meet with the European Commission to discuss the implications of the new tariffs [2] - The EDA emphasized the need for the EU to defend market access and support affected exporters, while also avoiding further disruptions in dairy markets [3] Group 3: Market Context - China is the largest importer of dairy products globally, and the EU plays a crucial role in fulfilling this demand, particularly for cream and cheese [6] - Despite the reduction in tariffs, the EU's competitiveness in the Chinese market may still be undermined [6] Group 4: Trade Compliance - Eucolait expressed disappointment over the tariffs but affirmed that EU dairy trade with China complies with international trade rules [6] - A spokesperson from the European Commission criticized the tariffs as being based on "questionable allegations and insufficient evidence" [6]
China lowers tariffs on EU dairy imports
Yahoo Finance·2026-02-02 16:49