As the European Union moves closer to slapping huge tariffs on Chinese-made EVs, Beijing is beginning to fight back. The latest salvo comes in the form of “anti-dumping measures” aimed at brandy imported from the EU.
China’s Ministry of Commerce says the temporary measure will go into effect on Friday and see imports hit with a tariff ranging from 30.6% to 39.0%. The government said the move was in response to an investigation that found the “domestic brandy industry was threatened with substantial damage” from European imports.
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