In the wake of the trade conflict with the EU about the import of Electric cars has China Provisional measures imposed on European spirits (brandy). As the Chinese Ministry of Commerce announced, importers of relevant types of brandy will have to deposit an unspecified deposit with Chinese customs starting this Friday.
The move represents a U-turn after Beijing decided at the end of August not to take any measures initially, even though, according to Chinese statements, price dumping was being carried out on the brandy under investigation.
Reaction to the vote of the EU states
The announcement is likely to be a reaction to the decision made by EU states in a vote last week paved the way for tariffs on electric cars from China. This means that the EU Commission can decide to introduce taxes of up to 35.3 percent.
Beijing accuses Brussels of protectionism with regard to the e-car tariffs. The EU ignores facts and disregards the rules of the World Trade Organization. Nevertheless, China repeatedly emphasized that it would strive for a negotiated solution.