Trade Tensions Escalate: China Targets European Brandy Imports Amidst EU Tariff Row

China has implemented anti-dumping measures on European brandies a day after the EU imposed tariffs on Chinese EVs, escalating trade tensions. The move affects brands like Hennessy and Remy Martin. China's commerce ministry claims the EU's tariffs on EVs violate WTO rules. Trade tensions continue to intensify.

China has enacted anti-dumping measures against brandies imported from the European Union, labeling them as legitimate trade remedies. This development follows the EU's decision to impose tariffs on Chinese electric vehicles, which has sparked the largest trade dispute with Beijing in over a decade.

Impacted are renowned French brands such as Hennessy and Remy Martin, facing China's newly adopted strictures. The commerce ministry cited a preliminary investigation revealing that the dumping of EU brandy jeopardized substantial damage to China's domestic industry.

Following the EU's actions against Chinese EVs, China's commerce ministry criticized the lack of factual and legal basis, citing clear violations of WTO regulations. With trade tensions rising, China is also examining a potential tariff increase on large-engine vehicle imports, potentially impacting German automobile producers severely.

(With inputs from agencies.)