China Weighs New Tariffs to Protect Domestic Industries

China is considering raising tariffs on imported large-displacement fuel vehicles as part of efforts to protect its domestic industries. The commerce ministry aims to safeguard the rights and interests of Chinese enterprises. Additionally, investigations into EU pork and dairy imports are underway to ensure fair rulings.

In a strategic move to bolster domestic industries, China is considering raising tariffs on imported large-displacement fuel vehicles, the Chinese commerce ministry announced on Tuesday.

According to a ministry spokesperson, the nation is determined to take all necessary steps to protect the legitimate rights and interests of Chinese industries and enterprises.

Currently, investigations are also being undertaken into EU pork and dairy imports. These investigations aim to ensure the protection of stakeholders' rights and will result in objective and fair rulings.

(With inputs from agencies.)