-
France's Macron, Canada's Carney announce closer ties
-
Multi-Asset Trading Venue Monochrome Exchange Announces IEO of Its Native Token, $MCR
-
AI 'warning shots' focus Beijing on national security risks
-
Data centre command hub keeps AI up and running
-
Philippine tribe in limbo over US-led tech hub
-
Leo XIV, first US pope transcends his restrained style
-
Saudi-led coalition says Houthis fired ballistic missile at Riyadh
-
France's debt climbs to highest since 1978: ministry
-
Cuba works to restore power after another blackout
-
Thousands protest inaction over climate crisis in Switzerland
-
Brigitte Bardot widower slams sale of star's belongings
-
UK actor Naomi Watts honoured at Spain film festival
-
Indonesia accepts Malaysia's help to tackle wildfires
-
Trump signs bill authorizing sweeping Russia sanctions
-
Nvidia, OpenAI CEOs to attend Xi dinner at White House
-
Anthropic picks Accenture for in-house AI safety evaluation
-
Cuba hit with seventh major blackout of the year
-
Hushing and hedging: US companies retreat on climate
-
Nigeria miners struggled to breathe in cell before 37 died: survivors
-
Crisis-wracked Volkswagen warns of 10-bn-euro hit to profits
-
Warren Buffett steps down as Berkshire Hathaway chairman
-
Shakira to cap off world tour with Madrid 12-gig run
-
Isolated Syrian-Druze city blames Damascus for shortages
-
Isolated Syrian-Druze city shortages
-
Kerry James Marshall: American 'blackness' painter celebrated in Europe
-
UNESCO can be 'moderator' in AI debate: chief to AFP
-
Infantino 'must go', says German FA vice-president
-
Russia seizes assets of Nestle, French firms
-
Japan's busiest rail station tests robot bins
-
Anthropic says AI systems moving towards building themselves
-
Backpackers fret over Australian visa crackdown
-
Asian stocks boosted by falling oil, yen weakens after BoJ rate hike
-
Bank of Japan hikes rates to 31-year high to battle inflation
-
Afghan medical students in Pakistan hope court stops college expulsions
-
AI doomsday warnings unlikely to slow IPOs but questions linger
-
Australia to detain tourists who overstay visa, minister says
-
In Brazil's Amazon, the hunt for oil fuels hopes and fears
-
Asian stocks track Wall St rally as oil prices drop
-
Baby orangutans in India expose 'frightening' scale of trafficking
-
Prized Mexican relic returns on loan, two centuries on
-
Oversight Board blasts 'inadequate' Meta safeguards for AI deepfakes
-
'In our lane': Fed's Warsh defies Trump but still fighting for credibility
-
Harry makes first public appearance since return to UK
-
Trump admin makes major cut to endangered species protections
-
Princess Diana's brother makes new explosive claims against Charles
-
GM delivers first components for US interceptor missiles
-
Trump admin overhauls key protection for endangered species
-
Travis Scott and Keith Richards feature on GTA VI soundtrack
-
Mbappe draws political fire over Ceuta t-shirt controversy
-
King Charles warns tech bosses of 'existential dangers' of AI
China to impose anti-dumping duties on EU pork for five years
China will impose anti-dumping duties on European Union pork imports for five years, but at lower rates than temporary levies in place since September, Beijing announced Tuesday.
The two sides have been locked in a trade spat fuelled by what many European countries view as an unbalanced economic relationship with China.
The levies come after a probe launched by China last year concluded that European pork imports "were being dumped, and the domestic industry suffered substantial damages" as a result, the commerce ministry said in a statement Tuesday.
The duties will range from 4.9 percent to 19.8 percent -- down from temporary levies of 15.6 percent to 62.4 percent -- and will be applied from December 17, it said.
"At present, the domestic industry is facing difficulties, and there are strong calls for protection," a commerce ministry spokesperson said.
They added that the investigation's conclusions were "objective, fair, and impartial".
The two are key trading partners, with the EU running a trade deficit of more than $350 billion with China in 2024.
French President Emmanuel Macron said this month that Europe would consider adopting strong measures against China -- including tariffs -- if the trade imbalance was not addressed.
The current trade spat erupted last summer when the EU moved towards imposing hefty tariffs on Chinese electric vehicles, arguing that Beijing's subsidies were unfairly undercutting European competitors.
Beijing denied that claim and announced what were widely seen as retaliatory probes into imported European pork, brandy and dairy products.
China -- the world's leading consumer of pork -- imported 4.3 billion yuan ($600 million) in pork products from major producer Spain alone last year, according to official Chinese customs data.
France, meanwhile, exported 115,000 tonnes of pork to China in 2024, according to industry association Inaporc.
According to the new measures, Groupe Bigard, a major French pork producer, will be charged 9.8 percent, while Danish Crown will be hit with an 18.6 percent levy.
European producers criticised the imposition of temporary duties on pork in September, denying the dumping allegations.
They argued that Chinese consumers pay more than Europeans for products that the latter often ignore, such as pigs' trotters or ears.
Alongside trade frictions, China and the EU are at odds on issues such as Russia's 2022 invasion of Ukraine.
The EU has urged China exert pressure on Moscow to end the war, but Beijing has shown no sign of acceding.
Y.Ponomarenko--CPN