EU-China Trade Tensions: Brandy and Electric Vehicles at the Forefront

The European Union's response to China-made electric vehicles is described by Economy Commissioner Paolo Gentiloni as fair and proportionate, with no need for retaliation. This comes after China imposed anti-dumping measures on European brandy, affecting brands like Hennessy, following EU tariffs on Chinese EVs.

In a statement on Tuesday, Economy Commissioner Paolo Gentiloni defended the European Union's recent actions against China-made electric vehicles, labeling them as 'fair and proportionate.' He further commented on China's decision to impose new duties on European brandy imports, suggesting there was no need for Beijing to retaliate.

Speaking at a news conference in Luxembourg, Gentiloni expressed confidence despite concerns about potential further retaliatory measures from China. 'I am never worried,' he asserted, addressing rumors of impending Chinese tit-for-tat actions.

China's temporary anti-dumping measures on European brandy imports notably impact well-known French brands such as Hennessy and Remy Martin. This move comes shortly after the European Union's decision to vote for tariffs on Chinese-made electric vehicles, a decision that has intensified trade tensions between the two regions.

(With inputs from agencies.)