Alleging that European subsidies are hurting Chinese producers, Beijing has imposed fees that look to hit French exporters the hardest.

China has slapped provisional anti-subsidy fees of up to 42.7 per cent on European producers of certain dairy products, including various types of cheese and cream, Beijing’s Ministry of Commerce announced on Monday. Chinese investigators made a “preliminary determination” – following a 16-month investigation – that the European Union provided “substantial subsidies” to the milk and dairy products industry “through programmes such as the common agricultural policy” and caused “material injury”…

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