China initiates anti-subsidy investigation on EU dairy imports, targeting cheese subsidies.

China has initiated an anti-subsidy investigation into dairy imports from the European Union, focusing on subsidies related to fresh or processed cheese. China's Ministry of Commerce announced the probe, which aims to assess whether Chinese importers are receiving improper subsidies, potentially affecting EU dairy exports to China. The investigation follows the EU's recent announcement to impose import duties of up to 36% on Chinese electric vehicles, escalating trade tensions between the two regions.

August 21, 2024
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