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China strikes back: High tariffs on brandy as EU electric cars respond!
The EU is pushing back against new Chinese brandy trade measures in response to EU tariffs on electric cars.
China strikes back: High tariffs on brandy as EU electric cars respond!
The Chinese Ministry of Commerce on Friday introduced drastic measures against the import of certain types of brandy. From now on, importers must pay a deposit of up to 39 percent of the value of the goods to Chinese customs. This move follows EU states' decision to impose tariffs on electric cars from China. A Commission spokesman described the new trade restrictions as unfounded and reiterated that EU industry will be firmly defended against the abuse of trade defense instruments.
The announcement from Beijing comes at a critical time in EU-China economic relations and could significantly impact trade dynamics. Reactions to these measures are highly anticipated as they could trigger further tensions in international trade. It remains to be seen how these trade disputes will develop. reports www.deutschlandfunk.de.