By South China Morning Post | Created at 2024-10-08 09:58:54 | Updated at 2024-10-08 12:40:18
3 hours ago
China announced it would start to collect anti-dumping duties on European brandy imports from Friday, just days after Brussels voted to impose tariffs on Chinese-made electric vehicles (EVs).
In addition, China signalled it could unleash tariffs on imported cars from the European Union as a way to “protect the legitimate rights of Chinese industries and companies”, the Ministry of Commerce (Mofcom) said in a statement.
It also reiterated its investigations into European pork and dairy products were ongoing.
For brandy imports, the security charge would be applied to imports under 200 litres (422 pints).
The ministry released a list detailing the rates each company would be expected to pay, ranging from 30.6 per cent for Martell to 38.1 per cent for Remy Martin and 39 per cent for Hennessy.
