China to impose anti-dumping measures on EU brandy
·1 min
### China to Impose Measures on EU Brandy Imports Amidst Trade Tensions
Starting Friday, Chinese customs will collect security deposits from companies selling brandy imported from the European Union. This measure follows the EU's recent decision to impose tariffs of up to 45% on Chinese battery electric vehicles. China's Ministry of Commerce announced provisional anti-dumping actions on EU brandy, requiring deposits of 30.6% to 39% of the product's value. This reverses August's preliminary ruling, highlighting the significant damage or threat to China's domestic brandy industry due to past European pricing strategies.