Beijing cuts EU pork tariffs

China has sharply reduced tariffs on European Union pork imports worth over $2 billion, reports Reuters. This is the final ruling of an anti-dumping investigation regarded to be a response to the bloc’s duties on Chinese electric vehicles.

China will impose tariffs of between 4.9% and 19.8% on pork imports from the EU for a five-year period starting on December 17, well below the 15.6%-62.4% imposed in a preliminary decision in September, China’s Ministry of Commerce said in a statement.

Importers will receive a refund on the difference between the rates paid since September.

The decision is a partial reprieve for European producers who depend heavily on the Chinese market, especially for the offal rarely eaten elsewhere.