China on Friday placed preliminary anti-dumping duties as high as 62.4% on certain pork imports from the European Union.
The preliminary ruling found evidence of dumping that damaged the domestic industry and approved duties ranging from 15.6% to 62.4% depending on the producer that will start on September 10th, according to a release from the Ministry of Commerce on Friday.
The finding is preliminary and could be changed or reversed when the investigation ends in December. Launched in June last year, the investigation is widely seen as retaliation for EU tariffs on Chinese electric vehicle exports and has hit over $2 billion in pork exports, concentrated in major producers such as Spain, the Netherlands, and Denmark.
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