China's Counter-Measures: EU Brandy Faces Anti-Dumping Tariffs Amidst Trade Tensions

China has imposed anti-dumping tariffs on EU brandy following the EU's tariffs on Chinese electric vehicles. The tariffs target brands like Hennessy and Remy Martin. It also investigates EU's dairy and pork exports to China, signaling rising trade tensions. Further probes include plastics from multiple regions.

China has taken a decisive step by implementing temporary anti-dumping measures on brandy imports from the European Union, a move closely following the EU's tariffs on China-made electric vehicles. This decision impacts prominent brands, including Hennessy and Remy Martin, as China aims to shield its domestic brandy market from significant threats.

The timing of Beijing's action is noteworthy, as it comes after a delayed response initially intended to precede the EU's EV tariff vote. The Chinese commerce ministry's January probe examined whether EU producers were undervaluing their brandy, influencing cognac makers like Remy and Pernod.

Beyond brandy, China is also scrutinizing EU dairy and pork imports, accounting for a substantial portion of its import market. Additionally, an investigation into POM copolymers, integral to engineering plastics, signifies heightened scrutiny across sectors.

(With inputs from agencies.)