Chinese companies want authorities to initiate an anti-dumping investigation into imports of certain pork products from the European Union, according to a report by the state-backed Global Times newspaper. The report, citing an unnamed “business insider” and did not provide further details about the potential investigation.
This move comes amid escalating trade tensions between China and the European Union. The EU has been conducting several investigations into Chinese imports to protect its domestic industries. These investigations aim to counteract practices perceived as unfair competition or dumping, where products are sold below market value.
In January, China began investigating brandy imports from the EU, reflecting the tit-for-tat nature of these trade disputes. This investigation was seen as a direct response to the EU’s increasing scrutiny of Chinese products.
Earlier this month, the European Commission launched an investigation into flat-rolled iron or steel products plated or coated with tin from China. This investigation is part of the EU’s broader strategy to safeguard its manufacturing sector from potentially unfair competition.
Additionally, the Commission is investigating China-made electric vehicles, a move that could lead to the imposition of higher duties on these imports.
Amid these ongoing trade disputes, there are calls within China for potential retaliatory measures. Last week, an expert from a Chinese auto industry body suggested that China consider increasing tariffs on imported cars with engines larger than 2.5 litres, as reported by the Global Times.
This proposal underscores the growing tension and the possibility of further trade barriers being erected by both sides.
The unfolding scenario indicates a deepening of the trade conflict between the EU and China. If the proposed anti-dumping investigation into EU pork imports proceeds, it could further strain relations and lead to more rigorous trade policies affecting a broader range of products from both regions.
With Inputs From Reuters
