China's decision to impose temporary penalties on European brandy amid escalating trade tensions marks a significant retaliatory move against the EU’s anti-subsidy tariffs on Chinese electric cars.
China’s Ministry of Commerce announced brandy importers must post deposits of up to 39% on shipments, which could solidify into tariffs if they become permanent.
The European Commission intends to challenge China's brandy measures at the World Trade Organization, citing that retaliation without approval contravenes established trade rules.
The E.U. is prepared to support European producers impacted by China's penalties, emphasizing their commitment to countering unfair trade defense practices.
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