China Eases Duties on EU Dairy in Latest Sign of Trade Thaw

China set final import tariffs on some dairy products from the European Union well below preliminary rates outlined late last year, in the latest sign of stabilizing trade ties between Beijing and Brussels.

The duties — set at as much as 11.7% following an anti-subsidy investigation — apply to goods including fresh and processed cheese and will take effect from Friday, China’s Ministry of Commerce said on Thursday. That compares with initial duties, collected in the form of deposits, of as much as 43% that were announced in December.