European dairy, pork producers wary of Chinese retaliation for EV tariffs [Yahoo! Finance Canada]
DANONE S/ADR (DANOY)
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Source: Yahoo! Finance Canada
SHANGHAI/WELLINGTON (Reuters) - Global food companies from dairy producers to pork exporters are on high alert for potential retaliatory tariffs from China following the European Union's decision on Wednesday to impose anti-subsidy duties on Chinese-made EVs. China's state media have reported that domestic companies are preparing to request investigations into some EU dairy and pork imports over anti-subsidy or anti-dumping concerns, moves that could result in lengthy trade suspensions. "If you have additional trade barriers it could cause ... reshuffling of global markets," Kimberly Crewther, executive director of representative body Dairy Companies Association of New Zealand. ADVERTISEMENT New Zealand is the world's largest exporter of dairy products and is also a production base for foreign companies including French dairy producer Danone. "We always prefer to see situations where trade is stable and certain ... Markets don't like uncertainty," Crewther added. The EU w
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