Zürcher Nachrichten - EU slams China dairy duties as 'unjustified'

EUR -
AED 4.135607
AFN 74.312152
ALL 92.327118
AMD 408.113884
ANG 2.015836
AOA 1032.483179
ARS 1713.524166
AUD 1.624961
AWG 2.029499
AZN 1.91856
BAM 1.959708
BBD 2.267352
BDT 138.40109
BGN 1.895446
BHD 0.424523
BIF 3374.991374
BMD 1.125935
BND 1.440773
BOB 13.525493
BRL 5.867029
BSD 1.12576
BTN 109.058616
BWP 15.562483
BYN 3.390762
BYR 22068.333923
BZD 2.264015
CAD 1.60429
CDF 2600.911191
CHF 0.932682
CLF 0.028256
CLP 1115.712356
CNY 7.548891
CNH 7.552554
COP 3684.128199
CRC 515.828695
CUC 1.125935
CUP 27.017239
CVE 110.736191
CZK 24.454533
DJF 200.101683
DKK 7.479143
DOP 67.612863
DZD 150.875748
EGP 58.776238
ERN 16.889031
ETB 181.303794
FJD 2.549163
FKP 0.851099
GBP 0.850212
GEL 2.933107
GGP 0.851099
GHS 13.224156
GIP 0.851099
GMD 82.760588
GNF 9851.935187
GTQ 8.602851
GYD 235.479607
HKD 8.835722
HNL 30.198025
HRK 7.540056
HTG 147.413981
HUF 368.676725
IDR 20141.295479
ILS 3.436727
IMP 0.851099
INR 108.254467
IQD 1474.97538
IRR 1966490.662268
ISK 137.285738
JEP 0.851099
JMD 178.215407
JOD 0.798333
JPY 177.7008
KES 144.435427
KGS 98.463484
KHR 4566.794394
KMF 493.160101
KPW 1013.342222
KRW 1513.229079
KWD 0.347723
KYD 0.938071
KZT 505.788672
LAK 25285.698596
LBP 100827.515843
LKR 372.269175
LRD 192.929461
LSL 18.747254
LTL 3.324595
LVL 0.681068
LYD 7.21166
MAD 11.193491
MDL 20.117119
MGA 4987.894231
MKD 61.703875
MMK 2363.962729
MNT 4050.351228
MOP 9.099046
MRU 45.133164
MUR 54.214216
MVR 17.407387
MWK 1954.62425
MXN 20.448343
MYR 4.599338
MZN 71.951471
NAD 18.747249
NGN 1498.384001
NIO 41.271206
NOK 10.829927
NPR 174.493786
NZD 2.004693
OMR 0.432226
PAB 1.125745
PEN 3.881667
PGK 5.048738
PHP 70.464983
PKR 311.490451
PLN 4.386363
PYG 6586.222362
QAR 4.10235
RON 5.339077
RSD 117.692945
RUB 94.165779
RWF 1660.754721
SAR 4.207704
SBD 9.095387
SCR 15.509686
SDG 677.254284
SEK 11.304508
SGD 1.439851
SHP 0.850115
SLE 27.702139
SLL 23610.293318
SOS 643.476207
SRD 42.573311
STD 23304.589613
STN 25.023914
SVC 9.849774
SYP 14639.412412
SZL 18.74724
THB 37.74177
TJS 10.362265
TMT 3.940774
TND 3.371618
TOP 2.710982
TRY 55.317098
TTD 7.633223
TWD 35.829296
TZS 2966.84321
UAH 50.654468
UGX 4492.018081
USD 1.125935
UYU 45.371692
UZS 13271.96765
VES 974.472491
VND 29257.994447
VUV 134.924899
WST 3.139874
XAF 655.957
XAG 0.018651
XAU 0.000271910232
XCD 3.042897
XCG 2.028846
XDR 0.796095
XOF 655.957
XPF 119.331742
YER 266.062577
ZAR 18.752571
ZMK 10134.773796
ZMW 22.120113
ZWL 362.550741
SSP 6432.009114
MXV 2.313693
  • BTI

    0.2849

    52.64

    +0.54%

  • NGG

    0.7900

    76.12

    +1.04%

  • GSK

    -0.1500

    47.03

    -0.32%

  • BCC

    0.2900

    74.99

    +0.39%

  • RIO

    1.3400

    94.21

    +1.42%

  • RBGPF

    0.0900

    65.09

    +0.14%

  • BCE

    -0.1900

    19.73

    -0.96%

  • AZN

    -0.8000

    156.9

    -0.51%

  • CMSC

    0.0800

    20.24

    +0.4%

  • CMSD

    0.0900

    20.43

    +0.44%

  • RYCEF

    0.1200

    19.42

    +0.62%

  • VOD

    0.4400

    16.82

    +2.62%

  • BP

    0.2900

    44.79

    +0.65%

  • JRI

    0.1300

    10.9

    +1.19%

  • RELX

    -0.0700

    33.42

    -0.21%

EU slams China dairy duties as 'unjustified'
EU slams China dairy duties as 'unjustified' / Photo: THIERRY CHARLIER - AFP/File

EU slams China dairy duties as 'unjustified'

Brussels hit back Monday at China slapping duties of up to 42.7 percent on some dairy products from the European Union, calling the move "unjustified".

Text size:

China's salvo on Monday is the latest in a trade spat with the EU that spans from food to electric vehicles.

The "duty deposits", which range from 21.9 percent to 42.7 percent, come into effect on Tuesday.

They hit a range of items including fresh and processed cheese, curd, blue cheese and some milk and cream, the commerce ministry in Beijing said in a statement.

Officials launched an anti-subsidy probe in August 2024 after receiving a request from the Dairy Association of China. The probe will conclude in February.

China's commerce ministry said Monday that preliminary findings showed a link between EU subsidies and "substantial damage" to its domestic dairy industry.

European officials contested such conclusions.

"Our assessment is that the investigation is based on questionable allegations and insufficient evidence, and that the measures are therefore unjustified and unwarranted," a European Commission trade spokesman said.

"Right now, the Commission is examining the preliminary determination and will provide comments to the Chinese authorities," he added.

The fees on EU dairy come a week after Beijing said it would impose anti-dumping levies on EU pork imports for five years.

Those duties kicked in on December 17 and range from 4.9 percent to 19.8 percent -- down from temporary levies of 15.6 to 62.4 percent that had been in place since September.

The two economic powerhouses have been locked in a trade spat fuelled by what many European countries view as an unbalanced economic relationship with China.

- Escalating spat -

The current trade spat erupted in 2024 when the EU began moving towards imposing hefty tariffs on Chinese electric vehicles, arguing that Beijing's subsidies were unfairly undercutting European competitors.

Beijing denied that claim and announced what were widely seen as retaliatory probes into imported European pork, brandy and dairy products.

After the EU went ahead with the tariffs on Chinese electric vehicles, Beijing forced EU brandy manufacturers to raise prices or face anti-dumping taxes of up to 34.9 percent.

The EU ran a trade deficit of more than $350 billion with China in 2024.

French President Emmanuel Macron said this month that Europe would consider adopting strong measures against China, including tariffs, if the trade imbalance was not addressed.

Alongside trade frictions, China and the EU are at odds on issues such as Russia's 2022 invasion of Ukraine.

The EU has urged China to exert pressure on Moscow to end the war, but Beijing has shown no sign of acceding.

burs-rl/fg

M.Hug--NZN