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China holds off on EU brandy tariffs amid EV trade tensions

In response to the European Union’s planned tariffs on Chinese electric vehicles, China’s commerce ministry has announced that it will not impose provisional duties on European brandy imports, despite accusing the EU of flooding the Chinese market with alcoholic products. This move follows a probe initiated by China in January, after the EU investigated Chinese EV subsidies. The EU’s proposed tariffs of up to 36% on Chinese electric cars are intended to counteract what it considers unfair trade practices. Meanwhile, shares in European spirit makers rose significantly following China’s announcement. The European Commission stated it would continue monitoring the situation and remains confident that its exports comply with WTO rules, pledging to defend EU exporters if necessary.

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