China Ramps Up Anti-Dumping Probe on EU Brandy Amid EV Tariff Clash
China has intensified its anti-dumping investigation into European brandy imports amidst rising trade tensions with the EU. The probe coincides with the EU's provisional tariffs on Chinese-made electric vehicles. Both sides are navigating a complex negotiation landscape, with additional scrutiny on EU pork imports and potential action on dairy and petrol cars.
![China Ramps Up Anti-Dumping Probe on EU Brandy Amid EV Tariff Clash](https://devdiscourse.blob.core.windows.net/aiimagegallery/01_07_2024_04_36_22_7233141.png)
In a significant escalation of trade tensions, China announced on Friday that it is intensifying an anti-dumping investigation into European brandy imports. This move coincides with the European Commission's provisional tariffs on Chinese-made electric vehicles taking effect, highlighting the strained economic relations between the two powerhouses.
On Thursday, a commerce ministry spokesperson emphasized the importance of negotiations between Brussels and Beijing before confirming tariffs of up to 37.6% on Chinese EVs. However, the possibility of Chinese retaliation remains potent, particularly with a reference to an ongoing probe into EU pork imports.
Analysts suggest that China's choice to target brandy and pork imports is strategically aimed at leveraging support from France and Spain, critical EU members championing the tariffs. Concurrently, China signals willingness to negotiate to avoid a tariff war but remains steadfast in protecting its industries.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Australia's Wine Woes: Grappling with Tariffs and Market Diversification
China Urges EU to Drop Tariffs on Electric Vehicles Amidst Rising Trade Tensions
China Pushes EU to Scrap Preliminary Tariffs on Electric Vehicles Ahead of Trade Talks
A Bitter Glass: Australia's Wine Woes Amid Chinese Tariffs
Beijing Urges EU to Scrap EV Tariffs Amid New Trade Talks