China launches new offensive, tensions with the EU extend to dairy products.

On November 22, China announced it was expanding its anti-subsidy investigation into dairy products imported from the European Union (EU).

China expands investigation into EU milk subsidy program. (Source: Getty Images)

The investigation included both EU and Danish, French, Italian, and Dutch subsidy programs.

Earlier in August, Beijing launched an investigation into certain cheese, milk, and ice cream products imported from the 27-member bloc.

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This action is believed to be a response to the EU's plan to impose tariffs on electric vehicles manufactured in China.

Beijing's move has heightened tensions over subsidies, which started with electric vehicles and now extend to pork and cognac.

Ahead of the 27-member bloc's new tariffs of up to 45.3% on electric vehicles imported from Beijing, effective from October 30, the world's second-largest economy has urged several EU member governments to persuade the European Commission (EC) to find a solution acceptable to the entire electric vehicle industry.

On November 22, China's Ministry of Commerce stated that the expanded investigation was initiated after a preliminary review, taking into account complaints from EU member states and consultations with representatives of the bloc.

The scope has been expanded to include programs such as agricultural promotion, insurance, and investment subsidies.

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China currently imports dairy products from several European countries, including the Netherlands and France. However, its largest supplier of dairy is New Zealand.

In recent years, China's milk imports have gradually decreased due to increased domestic milk production and the impact of the domestic economic downturn.

Source: https://baoquocte.vn/trung-quoc-ra-don-moi-cang-thang-voi-eu-da-tien-den-san-pham-sua-294750.html