Reported about 6 hours ago
China has introduced temporary anti-dumping measures on brandy imports from the European Union, targeting brands like Hennessy and Remy Martin, following the EU's decision to impose tariffs on Chinese electric vehicles. Importers will need to provide security deposits ranging from 34.8% to 39% of the import value, as the Chinese government claims EU brandy imports threaten the domestic market. This latest move reflects escalating trade tensions between China and the EU.
Source: YAHOO