…And in return China opens tit for tat anti dumping probe into EU pork and will highly likely impose provisional anti dumping measures on at least three of the biggest EU pork producers. China has also become best buddies with Australia, for their pork.
The measures will also add tariffs although at a lower rate, to EU auto manufacturers building EV’s in China with their Chinese partners and shipping them to be sold in europe (EU).
If anti dumping measures prove unsuccessful China will implement higher tariffs on the battery cells its ships to europe, for use in european (EU) manufactured EV batteries.
The conumer will be the looser, as is normal in these trade spats – Pork will go up due to the increased cost of the full carcass, with the potential price increases on EU manufactured EV’s, should china add higher tariffs on battery cells it ships to europe!