Important! China Imposes New Sanctions on European Brandy, France Could Face a $1 Billion Loss!

Important! China Imposes New Sanctions on European Brandy, France Could Face a $1 Billion Loss!
After dozens of rounds of negotiations, the EU still regarded China's electric vehicles as "overcapacity" in the market in October this year, and even further raised tariffs to 45%.

Perhaps they thought that this would force China to give in in the competition, but they may not have expected that China's severe counterattack would follow.

In November this year, China announced temporary anti-dumping measures on brandy products imported from the EU, and planned to formally implement them on the 15th.

It is worth noting that once this measure takes effect, the most affected will be France, the initiator of the high tariffs on Chinese electric vehicles.

When China announced the news, some scholars believed that this move was a "quite accurate" counterattack against France, because France's brandy exports mainly rely on the Chinese market. It is estimated that this anti-dumping policy may cause France to lose more than $1 billion each year due to reduced brandy exports. ?