China cuts EU pork tariffs in final ruling

China on Tuesday imposed final anti-dumping duties of up to 19.8% on pork imports from the European Union, a drop from preliminary tariffs of up to 62.4%.

China's Ministry of Commerce in September slapped initial duties ranging from 15.6% to 32.7% on pork products coming from companies that cooperated with its anti-dumping investigation, among them Spanish, Danish and Dutch firms. Products shipped by other firms to China were assigned tariffs of 62.4%.

China's anti-dumping investigation, which began in June of last year, is broadly viewed as a countermeasure to the EU's tariffs on electric vehicles and has affected major pork exporters such as Spain, the Netherlands and Denmark.

-Daphne Zhang and Lewis Jackson