China-EU trade war: meat and electric car imports under threat

According to the agencyBLOOMBERG , CHINA is set to tighten EU pork imports by launching an anti-dumping probe into Europe's largest pork exporters. Danish Crown, Vion Boxtel and LiteraMEAT has become the focus of attention from Chinese authorities, who are trying to find out whether they are dumping their products and what damage this is causing to local suppliers.

On the other hand, the European Union has responded to Beijing’s actions by tightening import duties on electric vehicles from China . The increase in import duties on Chinese electric vehicles was the first step in the response to China’s actions. Plans to limit the participation of Chinese companies in government tenders and to influence Beijing through government procurement indicate growing tensions in trade relations between the parties.

Professor Cui Hongjian suggests that a trade war between China and the EU could break out as early as November, creating uncertainty for businesses and consumers on both sides. DIRECTOR Konstantin Ordov notes that the Europeans are looking for ways to respond to China’s actions, without finding technological levers that could balance the trade relations.

The situation around meat and electric vehicle imports is becoming just one of many aspects characterizing the tense trade relations between the two global economic giants. it is necessary to closely monitor developments and look for ways to find compromises in order to avoid long-term negative consequences for the global economy.