Hold onto your bacon, folks! 🇨🇳 China just announced temporary anti-dumping measures on EU pork imports starting September 10, sparking fresh trade tensions. The move comes after a year-long investigation revealed these imports hurt domestic producers – think of it as China saying 'not today, ham' to unfair pricing. 🚫🥓
What’s Happening?
Importers will now pay deposit rates ranging from 15.6% to 62.4% – that’s like adding a hefty surcharge to every pork shipment. The Ministry of Commerce claims EU producers dumped products (selling below market value) and caused 'substantial damage' to local farms.
Why It Matters
This isn’t just about pork chops: it’s a high-stakes chess move in global trade. China’s probe began in June 2023 and was recently extended to December 2025 – meaning we’re in for a long game. 🕰️🌍
A ministry spokesperson stressed China 'opposes abuse of trade measures' but will defend its industries. They’re keeping the door open for EU talks, saying: 'Let’s keep this partnership stable, fam.' 🤝
Quick Takeaway
• Deposit rates: 15.6%-62.4% • Investigation continues until 2025 • China emphasizes WTO compliance • EU pork exporters face new hurdles
