Involving Volkswagen SUVs being exempt from EU tariffs, dairy products being taxed, and close communication between China and the U.S., the Ministry of Commerce responded intensively today!

Wallstreetcn
2026.02.12 08:33
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The Ministry of Commerce stated that imported dairy products originating from the European Union are subsidized, causing substantial damage to related industries in China. On February 12, 2026, the Ministry of Commerce issued a final ruling announcement, determining that the tax rate for EU companies is 7.4%-11.7%, and decided to implement countervailing measures starting from February 13, 2026, for a duration of 5 years. The European automotive industry is deeply integrated and mutually beneficial. It is hoped that the European side will earnestly implement the important consensus reached at the China-EU leaders' meeting and the results of case consultations, and look forward to more Chinese companies reaching agreements with the European side on price commitments