China to punish European pork with tariffs of up to 19.8% for five years

China has ended the anti-dumping investigation into European Union pork that opened in the summer of 2024 in response to taxes imposed by Brussels on its electric vehicles, and the result is less bad than it could have been. … expected, even if this still represents a hard blow for the sector in Spain. According to a press release published this morning by the communist regime’s Ministry of Commerce, European pork and its derivatives which will enter the Asian giant over the next five years will have to pay border taxes which will be between 4.9% and 19.8%, far from the maximum of 62.4% envisaged in the provisional plan announced a few weeks ago.

In the case of Spain, this news does not change the situation, since the final maximum price is around the 20% already announced at the end of September. It is nevertheless a confirmation of the commercial blow to a sector for which China is the main market outside the EU. Every year, Spanish companies export pork to the Asian giant worth 1 billion euros. This represents 40% of the total value of Spanish sales outside Schengen borders and an eighth of total exports (including the EU), which in 2024 totaled 8,783 million euros.

(THERE WILL BE AN EXPANSION)