China Imposes Heavy Duties on EU Pork Imports
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China said it will add fees to pork from Europe. These fees are called anti-dumping duties and will be up to 62.4%. This makes a trade problem bigger between China and Europe.
China's Commerce Ministry thinks Europe sells pork too cheaply in China. They think Europe is 'dumping' pork into the Chinese market. Dumping means selling goods for less money than it costs to make them.
China says cheap pork from Europe hurts China's pork business. The Chinese government did not give more details about the damage. The new fees will start on September 10 and go from 15.6% to 62.4%.
China and Europe have many trade problems in different areas. China started looking at European pork after Europe put fees on Chinese electric cars. China also put fees on European brandy, but some brandy makers did not have to pay.
China looked at fresh and frozen pork, and also pig parts. Spain, the Netherlands, and Denmark will be most affected by this. In 2020, China bought a lot of pork from Europe, but now they buy less.
Questions
What fees will China add to pork from Europe?
China will add anti-dumping duties of up to 62.4%.
Why does China think Europe is 'dumping' pork?
China thinks Europe sells pork too cheaply in China.
Which countries will be most affected by the new fees on pork?
Spain, the Netherlands, and Denmark will be most affected.
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