On December 17, France's pork exports to China suffered a major blow! After Macron returned to France, he immediately turned his back, and China responded decisively with severe punishment.
China announced that it would impose anti-dumping duties on imported pork from the EU, with the highest rate reaching 19.8%. France is one of the largest pork exporters in the EU. In addition, China simultaneously launched an anti-dumping investigation into EU dairy products and has already imposed anti-dumping duties on brandy, particularly Cognac from France.
Previously, Macron made a high-profile visit to China, emphasizing Sino-European cooperation and adopting a rather friendly posture. However, once he returned to Paris, the situation suddenly changed. He not only spread the so-called "threat of Chinese enterprise overcapacity," but also hinted at potentially further increasing tariffs.
China clearly noticed this "handshake in public, punch in private" approach. The countermeasures chosen by China were very precise: pork.
If tariffs are increased, the price advantage of French agricultural products will be weakened, and orders may likely shift to Brazil, the United States, or even local suppliers. The EU has frequently imposed restrictions on Chinese products in recent years, attempting to narrow the trade deficit.
But the problem is that such unilateral pressure often ignores a fact: China is not only a major exporter, but also an important market for high-end consumer goods and industrial products from the EU. Once China retaliates, the agriculture, food, and luxury industries in Europe will be hit first.
Original article: toutiao.com/article/1851718835146953/
Statement: This article represents the personal views of the author.