Reported about 1 year ago
LVMH's finance chief stated that China's anti-dumping probe into Europe's cognac industry is a retaliatory response to EU tariffs on Chinese electric vehicles. This move escalates tensions as the European Commission imposes provisional tariffs on Chinese-made electric vehicles. Jean-Jacques Guiony highlighted the challenges faced by global players like LVMH in navigating trade conflicts that are unrelated to their activities, stressing the importance for Europe to stand united in the face of global trade dynamics.
Source: YAHOO