July 21, 2024

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China’s Pork Probe Is Yet Another Blow for Struggling EU Farmers

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The threat of China slapping tariffs on the European Union’s pork is the last thing the continent’s beleaguered industry needs.

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(Bloomberg) — The threat of China slapping tariffs on the European Union’s pork is the last thing the continent’s beleaguered industry needs.

China, the world’s biggest pork consumer, this week announced a probe on imports from the EU that could result in tariffs as part of a trade tit-for-tat. The bloc’s top exporters of the meat — like Spain and Denmark — warn that any levies will further hit overseas sales that have been falling for several years, hurting the entire supply chain from farmers to processors.

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Bloomberg News

2024-06-20 22:48:18

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