China's Tariff Hike on EU Dairy Products Escalates Trade Tensions
China's recent decision to impose provisional countervailing duties on European Union (EU) dairy products has intensified the ongoing trade dispute between the two economic giants.
The tariffs, which range from 21.9% to 42.7%, are China's response to what it perceives as EU subsidies harming its domestic dairy industry.
This move has been met with strong objections from the EU, which calls the measure unfair and unsubstantiated.
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