China Just Hit Europe Where It Hurts, And EU Can't Ignore The Fallout

China Just Hit Europe Where It Hurts, And EU Can't Ignore The Fallout
At the heart of global trade, China and the European Union (EU) are caught in a growing standoff, and this time, it’s centered around something you’d least expect—dairy products. Yes, milk powder, cheese, and butter are now at the center of a probe that could ripple across industries worldwide.If you’re wondering why this matters, you’re not alone. Let’s break it down, step by step, and uncover why this could be one of the most critical developments in trade relations today. China recently expanded its anti-subsidy investigation into European dairy imports. Initially focused on a limited scope, the probe now examines additional subsidy programs that European governments provide to their dairy producers.