China unveils next steps in EU brandy probe as EV tariffs take effect

Published 2024년 7월 5일

Tridge summary

China has intensified its anti-dumping investigation into European brandy imports, coinciding with the European Commission's provisional tariffs on Chinese-made electric vehicles (EVs). The Chinese Commerce Ministry announced a hearing to discuss claims of European brandy being sold below market rates, as part of a broader strategy to retaliate against the EU's EV tariffs, which could be as high as 37.6%. Additionally, China is investigating European pork imports and considering probes into European dairy and large-engined petrol cars. This has escalated tensions, affecting Chinese EV makers' shares and prompting companies like SAIC Motors and Geely Automobile to contest the tariffs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

BEIJING (Reuters) -- China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tensions on the same day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. While a Commerce Ministry spokesperson stressed at a news conference on Thursday that Brussels and Beijing should stay at the negotiating table ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs, the prospect of retaliation was kept alive by a reference to another probe into EU pork imports. The Commerce Ministry said on Friday it would hold a hearing on July 18 to discuss an ongoing investigation into claims that European brandy producers are selling into China at below market rates. China has repeatedly called on the EU to cancel its EV tariffs, expressing a willingness to negotiate. It has said it does not want to be embroiled in another tariff war -- with U.S. tariffs on its goods continuing to sting -- but ...
Source: Nikkei

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