• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

2

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

3

Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest

1

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

2

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

3

Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest
FinanceChina
AsiaEurope

The threat of a Europe-China trade war looms as Beijing launches an antidumping probe on pork

By
Lionel Lim
Lionel Lim
Asia Reporter
Down Arrow Button Icon
By
Lionel Lim
Lionel Lim
Asia Reporter
Down Arrow Button Icon
June 17, 2024, 7:02 AM ET
A warehouse of pork products at an abattoir of Danish Crown A/S in Blans, Denmark, on April 9, 2024.
A warehouse of pork products at an abattoir of Danish Crown A/S in Blans, Denmark, on April 9, 2024.Carsten Snejbjerg—Bloomberg/Getty Images
Add Fortune on Google for similar content.

Beijing’s response to steep European tariffs on China-made EVs did not take long to materialize. On Monday, officials announced an antidumping probe on European pork imports, the first retaliatory measure since the European Union imposed tariffs as high as 38% on electric-vehicle imports from China last week.

China’s move was more a matter of when, than if. State media, like the English-language outlet Global Times, had reported that Chinese industries had requested a probe into EU pork imports.

The European Union announced a probe into Chinese EVs last October, investigating whether cars made in China received an unfair level of subsidies. Since then, Brussels has launched probes into Chinese behavior in several other industries, including wind turbines, iron or steel products coated with Chinese tin, and procurement of medical devices.

Beijing launched an antidumping probe into European brandy in January, which analysts described as the “first bullet” in a potential trade war with Europe.

Not all EU countries are welcoming the prospect of a tariff spiral with Beijing. Germany, in particular, has publicly expressed worries about retaliation and is reportedly hoping for a compromise between Brussels and Beijing before the EU’s new tariffs go into effect in July.

China and pork

China, the world’s largest pork consumer, imported about $6 billion worth of pork products last year, according to Chinese customs data. More than half of that came from the EU. Chinese retaliation against pork could hurt economies like the Netherlands, Spain, and Denmark. German pork exports to China suffered after African swine fever, a disease deadly to pigs, was found in its hog herds in 2020.

Pork is China’s favorite meat, and the government even operates a strategic reserve to help stabilize prices when there’s a shortage. China’s pig population declined significantly between 2018 and 2021 due to an epidemic of African swine fever, prompting Beijing to push pig farmers to expand production.

But China may have overshot. The country is now dealing with an oversupply of pork, leading to financial losses for some major pork producers.

About the Author
By Lionel LimAsia Reporter
LinkedIn icon

Lionel Lim is a Singapore-based reporter covering the Asia-Pacific region.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack pushing crypto tokenization
CybersecurityTech
Airbnb CEO Brian Chesky’s X account was hijacked in an AI slop hack pushing crypto tokenization
By Rachel VentrescaJuly 16, 2026
7 hours ago
t
North AmericaTariffs
Tariff Man’s money machine broke. Now he’s trying to fix it with a forced‑labor crusade
By Paul Wiseman and The Associated PressJuly 16, 2026
9 hours ago
cars
EnvironmentAutos
Over 120 million car trips, study finds speeding only saved drivers 54 seconds on average
By Alexa St. John and The Associated PressJuly 16, 2026
10 hours ago
Jeff Bezos’ Blue Origin is boosting employee pay to compete with SpaceX—but an advisor warns of ‘golden handcuffs’
Personal FinanceWealth
Jeff Bezos’ Blue Origin is boosting employee pay to compete with SpaceX—but an advisor warns of ‘golden handcuffs’
By Sydney LakeJuly 16, 2026
10 hours ago
Warren Buffett rides in a golf cart
Big TechWarren Buffett
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
By Mia OsmonbekovJuly 16, 2026
10 hours ago
Kalshi hits pause on flight cancellation contracts
BankingKalshi
Kalshi hits pause on flight cancellation contracts
By Jeff John RobertsJuly 16, 2026
10 hours ago

Most Popular

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
2 days ago
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
Law
26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave
By Barbara Ortutay, Alexandra Olson and The Associated PressJuly 15, 2026
2 days ago
Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest
Politics
Trump's 'American Flag Blue' in the Lincoln Memorial pool is already gray — and the Olympic canoer 'vandal' is fighting his arrest
By Matthew Daly and The Associated PressJuly 16, 2026
16 hours ago
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
Big Tech
Buffett says AI giants are ‘playing a game they don’t want to play’ in the AI race, reveals he was behind Berkshire’s $31 billion bet on Google
By Mia OsmonbekovJuly 16, 2026
10 hours ago
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
Innovation
He sold his last company to Palantir. Now he's betting $32 million that robots can fix construction's labor crisis
By Lily Mae LazarusJuly 15, 2026
2 days ago
JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding—with jobs paying $100,000 without a college degree
Success
JPMorgan CEO Jamie Dimon says 300,000 workers are needed to rebuild American shipbuilding—with jobs paying $100,000 without a college degree
By Preston ForeJuly 16, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.