China will finally introduce tariffs for European brandy. Beijing decided to move forward with the burdensome, which are a reaction to electric cars made in the Asian giant, which imposed the EU on public subsidies, which caused unfair competition in the public market. The Chinese government postponed the decision in a complete renewal of relations at a time when the EU was forced to look again at this country before a commercial war, unleashed by Donald Trump.
Beijing will be tax with rates of 27.7% to 34.9% of the European brandy, when it determines that “there is an unfair competition (“ reset ”) in this product that the national industry of Brendi threatens to cause significant damage and that there is a causal relationship between the“ reset ”and the threat of significant damage”, as reported in the mission mission.
This measure will especially affect the French brandy sector, which has a second importer in China, behind the United States. Nevertheless, the door is open so that companies can agree on the price of the Chinese market and differ from these taxes. According to EFE agency, 14 companies were raised to take advantage of price obligations, including Martell, Hennessy or Remya Martin.
The one who is still waiting for a conclusion is a decision on tariffs for European pork, which is another repression declared by China after tariffs for electric vehicles. These bets will greatly affect the Spanish pig -breeding sector.
In the European Commission, they described the punishment of Brandy as an “unfair, unjustified and incompatible” measure with international trade standards. “None of the problems that we indicated at the preliminary stage were considered, and we offer in an official consultation with the World Trade Organization last November,” said the representative of the Olof Gill, who accused China of the “anxious leadership of China’s abuse of commercial defense instruments, the initial and investigation based on the basis based on based on based on based The basis based on the basis based on the basis on the basis of the in questioned and lacking evidence. ”
“We are going to carefully study these measures and evaluate the following steps in order to better protect the EU industry and economic interests,” he said, without giving more details. He also avoided joining the Tariffs on the electric car that is “conducted”. One of the options raised by Brussels is to establish minimal prices for the commercialization of devices produced in the Asian giant to protect European manufacturers.
The movement of the Chinese government coincides with the presence in Europe of the Minister of Foreign Affairs Van Yi, on the occasion of the thirteenth strategic dialogue between the EU and China, as well as the doors of the EU-China summit, which will be held in Beijing at the end of July. According to Bloomberg, the Chinese government appreciates to cancel the second day of this maximum appointment, in which the presidents of the European Council and the European Commission, Antonio Costa and Ursula von Der Leyen will be present.
The second day was supposed to focus on the most economical and business part, while the first is related to strategic relations between the two powers. The sources of the community are limited by the fact that the program “ends” and that it “discusses” with the Chinese part, which is the master of the meeting.
Consequently, relations are reduced, since the summit date is approaching the country with which the EU has difficulties with connecting its triple state of a “partner, competitor and systemic opponent”. In fact, a few weeks ago, Brussels decided to limit the state purchases of Chinese medical services when closing the market in this country by European products. In the EU, they also press so that China changes its relationship with Russia and ceased to support Vladimir Putin in the war against Ukraine.
