China will impose tariffs of up to 19.8% on pork imports from the EU, down from initial rates of up to 62.4%. The move follows an investigation into EU pork imports after the bloc imposed provisional tariffs on China-made electric vehicles. Beijing also imposed anti-dumping duties on European brandy and dairy products.

The EU has a trade deficit of over 300 billion euros with China but is a major pork exporter to China. In September, China ordered preliminary anti-dumping duties on EU pork imports. China’s Commerce Ministry accuses the EU of dumping pork products in China, leading to final tariff rates of 4.9%-19.8% for five years starting Wednesday.

Spain, the Netherlands, and Denmark will be most affected by China’s new tariffs on all kinds of pork products. The Commerce Ministry insists it reached its conclusions fairly. EU pork exports to China hit 7.4 billion euros in 2020 due to domestic demand after swine disease outbreaks, but imports have decreased as China rebuilt its pig herds.

Read more at Yahoo Finance: China puts anti-dumping tariff of up to 18.9% on imports of pork from the EU