Trade Policy - China's Ministry of Commerce extends the anti-subsidy investigation period for imported related dairy products originating from the EU to February 21, 2026 [1] - The anti-subsidy investigation was initiated on August 21, 2024 [1] Investigation Details - The Ministry of Commerce initiated an anti-subsidy investigation into imported related dairy products originating from the EU [1] - The investigation was launched on August 21, 2024 [1] - The extension is due to the complexity of the case [1]

Core Viewpoint - The European Union (EU) is seeking to pivot towards China for cooperation in response to the escalating trade tensions and tariff threats from the United States, raising questions about the sincerity of this shift and its implications for EU-China relations [1][6]. Group 1: EU's Response to US Tariffs - The EU is under significant pressure from the US, which has threatened to increase tariffs on EU goods, leading to a chaotic internal situation within the EU [1]. - The EU has historically aligned with the US in international matters, but the recent tariff threats have prompted a reevaluation of this stance, with China emerging as a potential partner [1][2]. - The EU's attempts to negotiate lower tariffs with the US have failed, resulting in a hardening of the US position and increased tariff rates, which has left the EU in a difficult position [2]. Group 2: EU-China Relations - The EU has been inconsistent in its approach to China, balancing the need for economic cooperation with the pressure to align with US policies, including sanctions against Russia and investigations into Chinese electric vehicles [5][6]. - During her visit to China, EU Commission President Ursula von der Leyen emphasized the importance of deepening trade relations with China, asserting that this is not solely a reaction to deteriorating US relations [6]. - The EU's recent sanctions against certain Chinese entities, while attempting to appease the US, have complicated its relationship with China and may hinder future cooperation [4][5]. Group 3: Strategic Considerations - The EU's engagement with China is seen as a dual strategy: seeking economic benefits while also using the relationship as leverage in negotiations with the US [6]. - China has expressed a clear stance on its expectations from the EU, indicating that it will not tolerate any attempts to manipulate the relationship for US interests [5][6]. - The EU's ongoing balancing act between the US and China could lead to unfavorable outcomes if it continues to waver in its commitments [6].

Core Viewpoint - The ongoing trade tensions between the US and China have significantly impacted the meat import and export industry, particularly affecting Chinese importers of US chicken feet and pork by-products, leading to substantial financial losses and shifts in sourcing strategies [1][3][18]. Group 1: Impact of Tariffs - Chinese importers like Yan Jun have faced severe losses due to tariffs, with chicken feet prices subject to over 140% in tariffs after multiple rounds of trade retaliations [3][4]. - The initial tariff on pork by-products was raised from 12% to 37% during the previous trade war, severely affecting the profitability of US exports to China [5][6]. - The trade war has led to a significant reduction in US exports, with estimates suggesting a loss of $10 billion annually due to decreased demand from China [13]. Group 2: Market Adjustments - Chinese importers are increasingly sourcing chicken feet and pork by-products from alternative countries such as Brazil and Russia, leading to a rapid adjustment in market dynamics [16][17]. - The price of chicken feet and pork by-products initially spiked by 10% following the tariff announcements but quickly normalized as alternative suppliers entered the market [16]. - The reliance of US meat producers on the Chinese market is highlighted, as they struggle to find alternative customers for their products [12][20]. Group 3: Cultural and Market Insights - The consumption of chicken feet in China is significantly higher than in Western countries, where such products are often discarded, leading to a unique market dynamic [10][11]. - The price of chicken feet varies by country, with US chicken feet priced between $3,000 to $6,000 per ton, while other countries like Russia and Thailand offer lower prices [11]. - The cultural acceptance of chicken feet is growing among Western consumers, driven by the expansion of Chinese cuisine and restaurants abroad [11]. Group 4: Future Outlook - The US meat industry is expected to face ongoing challenges in re-establishing its market position in China due to the lasting effects of the trade war and changing consumer preferences [22]. - The potential for increased competition from countries like Argentina and Spain, which are looking to expand their meat exports to China, poses a threat to US market share [17][19]. - The interconnected nature of the meat supply chain means that disruptions in one area can lead to broader economic impacts, affecting everything from feed prices to consumer costs in the US [14][15].

2025.04. 30 本文字数：2042，阅读时长大约4分钟 作者 | 第一财经 冯迪凡 第一财经记者从权威信源处获知，当地时间29日，在世贸组织（WTO）补贴与反补贴措施委员会例 会上，中方质疑美国对晶体光伏电池的反补贴调查，称其超越了管辖权，破坏了WTO规则。 近日，美国商务部对来自马来西亚、越南、泰国和柬埔寨四国光伏产品的反补贴调查作出终裁，其中 对来自柬埔寨的光伏产品征收最高达3403.96%的反补贴税。 同时，中方批评美国根据《芯片与科学法案》向其半导体产业提供歧视性补贴。中方还谴责美国所 谓"对等关税 "做法，认为这种做法违反了WTO规则，因为这实际上提供了以出口为条件、以国内内 容为基础的补贴，从而削弱了多边贸易体系。中方强调有必要维护以规则为基础的全球贸易，并呼吁 WTO成员追究此类做法的责任。 来源：新华社 美光伏产品反补贴调查超越管辖范围 此次，美方在其2024年半年度报告中通报了相关新反补贴税行动。 中方对此发表声明表示，对其在半年度报告中列出的美国对晶体光伏电池的反补贴税调查提出质疑。 中方强烈批评美国商务部对涉及柬埔寨、马来西亚、泰国和越南的跨国补贴调查的最终裁定，尤其反 对对柬埔 ...

2025.04. 29 本文字数：2162，阅读时长大约3.5分钟 导读 ：天文数字般的裁决开启了美国反补贴调查无视世贸规则的下限。 作者 | 管健 近日，美国商务部对来自马来西亚、越南、泰国和柬埔寨四国光伏产品的反补贴调查作出终裁，其中 对来自柬埔寨的光伏产品征收最高达3403.96%的反补贴税。不出意外，美方在裁决中又拿中国说 事，在3403.96%的税率中，调查机关认定1940.23%的税率系源自中国的"跨国补贴"。天文数字般 的裁决再一次刷新了世界反补贴调查税率的上限，也开启了美国反补贴调查无视世贸规则的下限。 一、滥用"不利可获得事实" 这个税率用国际贸易法的行话来说，是A出来的，英文全称是"Adverse Facts Available"。通俗来说 就是美国商务部基于"不利可获得事实"人为算出来的。在所有终裁认定的柬埔寨企业获得的17个补贴 项目中，有七个项目被A出完全相同的471.25%的补贴幅度。这一惊人的补贴幅度意味着柬埔寨企业 每出口一美元光伏产品，柬埔寨政府都要补贴该企业三十四美元。这个补贴力度不仅柬埔寨政府做不 到，即使是像美国这样财大气粗、随便印美钞的国家也不可能有这个财政能力，以这 ...