We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: China hits EU brandy imports with anti-dumping penalties
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
China hits EU brandy imports with anti-dumping penalties
The Tycoon Herald > Economy > China hits EU brandy imports with anti-dumping penalties
Economy

China hits EU brandy imports with anti-dumping penalties

Tycoon Herald
By Tycoon Herald 3 Min Read
Share
SHARE

Unlock the Editor’s Digest totally free

Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.

China will impose new anti-dumping measures on EU brandy imports, escalating the commerce struggle between Beijing and Brussels simply days after the bloc slapped larger tariffs on Chinese language electrical autos.

The Chinese language commerce ministry mentioned in an announcement on Tuesday that it will require a safety deposit from EU brandy importers starting on Friday.

Shares in French luxurious group LVMH, proprietor of Hennessy cognac, dropped 4.3 per cent in early buying and selling in Paris on Tuesday after the announcement, whereas Martell proprietor Pernod Ricard fell 2.7 per cent and Rémy Cointreau practically 4.8 per cent.

The most recent salvo within the largest commerce dispute between China and Europe in a decade got here after EU members voted on Friday to approve steep tariff will increase on Chinese language EVs.

Because the EU-China commerce struggle has expanded from cars to agriculture, Beijing has launched anti-dumping investigations into European dairy and pork imports and lodged a criticism over the EU tariffs with the World Commerce Group.

The EV vote, which handed final week regardless of opposition from member states together with Germany and Hungary, adopted a months-long probe launched by European Fee president Ursula von der Leyen.

EU officers had concluded the tariffs have been wanted to guard the bloc’s producers from competitors from lower-priced, Chinese language-made EVs, which they complained have been unfairly subsidised by Beijing.

Really helpful

China hits EU brandy imports with anti-dumping penalties

China’s retaliation on Tuesday marked a reversal from late August, when the commerce ministry handed a reprieve to brandy producers by deciding to not instantly impose new penalties, regardless of discovering that that they had dumped their merchandise on the Chinese language market.

French automotive executives and officers have been among the many essential backers of the EV investigation, and France voted in favour of upper tariffs final week.

Whereas Beijing and Brussels have signalled that talks over EV tariffs would proceed, the end result final week fuelled expectations of retaliation from China. Beijing has beforehand slammed the EU’s tariffs on EVs as protectionism, an abuse of worldwide commerce practices and undercutting the worldwide struggle towards local weather change.

Further reporting by Wang Xueqiao in Shanghai and Arjun Neil Alim in Hong Kong

You Might Also Like

Labour’s actual menace is sticky inflation

Toyota warns it would take $9.5bn hit from Trump tariffs

Apollo belongings hit report excessive as markets whipsaw on Donald Trump’s tariffs

Trump prepares to announce essential appointments for financial establishments

South Africa reels from Trump tariffs as neighbours minimize softer offers

TAGGED:antidumpingbrandyChinahitsimportspenalties
Share This Article
Facebook Twitter Email Copy Link Print
Myles Garrett Busted For Rushing, Allegedly Drove 40 MPH Over Restrict
Entertainment

Myles Garrett Busted For Rushing, Allegedly Drove 40 MPH Over Restrict

Myles Garrett Busted For Rushing ... Cops Say He Went 100 MPH in 60 Zone Printed August 11, 2025 3:30 PM PDT Myles Garrett is not simply fast attending to…

By Tycoon Herald 2 Min Read
Quickest athlete on the planet? Is Usain Bolt set to lose his crown to British bike owner Matt Richardson?
August 12, 2025
Taylor Swift Declares New Album
August 12, 2025
China and the U.S. conflict on the U.N. over the Panama Canal
August 12, 2025
At this time on Sky Sports activities Racing: Lingfield takes centre stage reside on Tuesday
August 12, 2025

You Might Also Like

What have the US and EU agreed on commerce?
Economy

What have the US and EU agreed on commerce?

By Tycoon Herald 9 Min Read
UK financial system shed jobs for fifth consecutive month in June
Economy

UK financial system shed jobs for fifth consecutive month in June

By Tycoon Herald 4 Min Read
Donald Trump’s escalating assaults on Federal Reserve unnerve traders
Economy

Donald Trump’s escalating assaults on Federal Reserve unnerve traders

By Tycoon Herald 6 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Business

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages AstraZeneca PLC Traders to Safe Counsel Earlier than Necessary Deadline in Securities Class Motion First Filed by the Agency – AZN By Investing.com

New York, New York--(Newsfile Corp. - January 3, 2025) - WHY: Rosen Legislation Agency, a world investor…

By Tycoon Herald
Fashion

18 Greatest Beard Wash and Shampoos for Males 2025 | FashionBeans

We independently consider all advisable services and products. Any services or products put ahead seem in…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?