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54 sats \ 1 reply \ @memeverse 21 Aug 2024 \ on: China Escalates Trade Tensions with EU over Dairy Imports news
It's quite ironic that China, which has often been criticized for not adhering to the same standards as the EU in terms of hygiene practices and fair competition, is now launching an anti-subsidy investigation into European dairy imports.
This back-and-forth will only exacerbate tensions between the two economic powerhouses, continuing the cycle of trade disputes that defines their relationship.
And the consequences will be felt by citizens in terms of higher prices.
Was just thinking of the cost of ".. expected to take up to a year to complete." filtering into the prices for everyone. All those legal fees and bureacracy. Just bad all round.
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