The European Union to Challenge China’s Anti-dumping Measures on Brandy Imports

The European Union has announced its plan to challenge China’s decision to impose anti-dumping measures on brandy imported from the EU at the World Trade Organization (WTO). The European Commission’s trade spokesperson, Olof Gill, stated that the EU believes these measures are unfounded and is determined to defend its industry against the abuse of trade defense instruments by China.

China’s move to impose tariffs on brandy imports from the EU is seen as a retaliatory response to the EU’s additional import tariffs on Chinese-made electric vehicles. This tit-for-tat situation has further strained the trade relationship between Beijing and Brussels, with fears of a potential trade war brewing, especially in Germany, the EU’s largest automobile manufacturer.

Despite China’s economic challenges, including slowing consumption and local government debt, the country’s National Development and Reform Commission remains confident in meeting its development goals without the need for additional stimulus packages. Stay tuned for further updates on this evolving trade dispute between the EU and China.

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