China imposes anti-subsidy taxes of up to 42.7% on EU dairy products

Detailed Summary

China decided to impose a temporary anti-subsidy tax of 21.9-42.7% on dairy products from the EU after a preliminary investigation, arguing that imported goods are subsidized and cause damage to the domestic dairy industry. France warns of imposing tariffs on goods imported from China EU has a 3.5 billion USD strategy to reduce dependence on China for raw materials Chinese car manufacturers strongly expand market share in Europe