China Slaps Up To 43% Duties On EU Dairy Imports After Subsidy Probe

• China imposed duties of up to 42.7% on certain dairy imports from the European Union.
• The decision follows an anti-subsidy probe by Beijing, which found EU dairy exports were subsidized.
• The investigation, launched in August 2024, focused on products like fresh and processed cheese.
• This move escalates an ongoing tit-for-tat trade dispute between China and the EU.
• The European Union has challenged China's probe by requesting consultations through the World Trade Organisation.

Why It Matters: China imposes significant duties on EU dairy, escalating trade tensions after a subsidy probe.