China's customs battle: Brandy importers meet high deposits!

China's customs battle: Brandy importers meet high deposits!

As part of the continuing tensions between China and the European Union, the Chinese Ministry of Commerce recently decided to take preliminary anti-dumping measures against European brandy, also known as brandy. From this Friday, importers of certain Brandy varieties have to deposit a deposit between 30.6 and 39 percent of the goods value at Chinese customs. This drastic measure should not only affect European producers, but also the bilateral trade relationships of the two economic regions.

This decision surprises because Beijing had only signaled at the end of August, not to take any measures for the time being. The reason for the current development is accusations of the fact that price dumping is carried out when trading with the examined brandy varieties, which means that products are sold below the market price to undermine the competition.

background of trade relationships

A possible trigger for the tightened measures is the coordination of the EU countries last week. This had paved the way for the introduction of tariffs on electric cars from China. The EU Commission can now impose taxes of up to 35.3 percent, which is perceived as a clear protectionist strategy in Beijing. China's government accuses that the EU ignores the facts and violates the rules of the world trade organization.

Nevertheless, despite the current measures, China has made it clear that it is interested in a negotiating solution. This attitude suggests that both sides are potentially interested in a de -escalation in terms of trade relationships. Beijing has also announced further investigations into products from the EU, including a look at the import of pork and an anti-subsidy examination against certain dairy products.

In addition, the Chinese Ministry of Commerce, experts and representatives from industry plans to invite opinions to increase tariffs to imported combustion cars with large engines. This development shows how complex and complex the trade relationships between China and the EU are and that both sides are under pressure to find solutions in this restless phase of their economic policy.

For more information about the background of these developments and their potential effects, see the current reporting on www.shz.de .