China Imposes Up to 62.4% Provisional Tariffs on EU Pork Amid Escalating Trade Tensions

Beijing has announced provisional anti-dumping duties of up to 62.4% on pork imports from the European Union, a move widely interpreted as retaliation for the EU's tariffs on Chinese electric vehicles. The decision, effective September 10, targets over $2 billion in annual EU pork exports, with Spain, the largest EU exporter to China, being particularly affected. The Chinese Ministry of Commerce stated its preliminary investigation found evidence of dumping that harmed its domestic industry.

The anti-dumping investigation, which began in June 2024, was recently extended through December. Producers from Spain, Denmark, and the Netherlands that cooperated with the probe face duties between 15.6% and 32.7%, while others will be charged the maximum 62.4%. "We’ll continue exporting but at lower value," said Thierry Meyer, vice president of French pork industry group Inaporc, highlighting the expected pressure on profit margins.

Much of the EU's pork trade with China involves offal, such as pig ears and feet, which are popular in Chinese cuisine but have limited demand elsewhere. This makes European producers vulnerable, as alternative markets for these products are scarce. The EU Chamber of Commerce in China has called for dialogue to de-escalate the trade dispute, noting that the investigation's extended timeline offers an opportunity for negotiation.

Meanwhile, Chinese electric vehicle exports continue to impact global markets, including Spain. Data from the European Automobile Manufacturers' Association (ACEA) indicates a significant increase in Chinese-made car imports into the EU. While specific figures for Spain are not immediately available, the broader trend shows China's growing presence in the European automotive sector, intensifying competition for traditional manufacturers.

In a separate geopolitical and economic context, Argentine President Javier Milei has pursued a distinct foreign policy, prioritizing relations with the United States. Following meetings with figures like Donald Trump, Milei's administration has reportedly secured financial assurances and favorable trade conditions, including lower tariffs. This approach, contrasting with traditional diplomatic alignments, has been met with positive market reactions in Argentina, with reports of a "subidón" (surge) in Argentine markets.

Regarding tourism, there is no evidence to suggest that China has officially prevented its citizens from traveling to Spain as tourists. Global tourism patterns are influenced by various factors, including economic conditions, travel restrictions, and diplomatic relations, but a direct ban on tourism to Spain by China has not been reported.