**Trade Tensions Escalate: China Imposes Anti-Dumping Measures on EU Brandy**
In a move that may further strain trade relations, China has announced plans to introduce provisional anti-dumping measures on brandy imports from the European Union. The decision, effective this Friday, will require Chinese customs officials to collect security deposits from companies selling EU-originated brandy, with deposit amounts ranging from 30.6% to 39% of the total value.
This reversal of a preliminary ruling in August comes on the heels of the EU’s adoption of definitive tariffs on China-made electric vehicles, which could reach as high as 45%. China has expressed strong dissatisfaction with the EU’s move, labeling it a protectionist act that is “unfair, non-compliant, and unreasonable.”
The anti-dumping investigation into EU brandy imports was launched by China in January, citing significant damage to the domestic brandy industry. With tensions escalating, it remains to be seen how this trade dispute will unfold and what implications it may have for businesses and consumers alike.
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