Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China following the European Union's...
SHANGHAI/WELLINGTON - Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China following the European Union 's decision on Wednesday to impose anti-subsidy duties on Chinese-made EVs.
"We always prefer to see situations where trade is stable and certain ... Markets don’t like uncertainty," Crewther added. Countries including the Netherlands, France, Germany, Ireland and Denmark have the largest dairy industry exposure to the Chinese market. China imported $848 million worth of dairy products from Australia last year, according to China's customs data. Its dairy imports from New Zealand reached $5.52 billion in 2023, nearly half the total value of its dairy imports.As trade tensions between the bloc and China intensify, some European officials have warned against imposing import duties on food products.
China has historically held a different position with food products often the target of retaliatory tariffs levied as part of previous trade spats.
European Union New Zealand Retaliatory Tariffs China Global Food Companies Dairy Producers Australia Dairy Producer
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