Commodities
EU Initiates WTO Challenge Over China’s Investigation into European Dairy Subsidies, Reports Reuters
The European Commission announced on Monday that it has initiated a legal action at the World Trade Organization (WTO) in response to China’s launch of an anti-subsidy investigation into imports of specific dairy products from the European Union.
This move by the EU comes in light of a concerning trend of China frequently starting trade defense measures based on dubious claims and insufficient evidence in rapid succession, according to the Commission.