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China targets Europe’s farmers, not its automakers, in response to EU tariffs on electric cars
China’s Commerce Ministry announced Monday that it is opening an anti-dumping investigation into pork from Europe, widely seen as a response to the EU move on electric cars.
Chinese officials have said the EU investigation into subsidies for electric vehicle production in China is “typical protectionist behavior” that disregards WTO rules. In response, China could have slapped a 25 percent duty on imports of gasoline-powered vehicles with large engines in the name of combating climate change, a step that would have hit Mercedes and BMW hard. The Chinese market is a major one for German automakers, and the head of the country’s auto association, the VDA, described the June 12 EU tariff announcement as a further step away from global cooperation.
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