In a move that could shake up global markets, China is considering raising tariffs on imported fuel-powered cars with large engines 🚗💨. The Ministry of Commerce announced on Tuesday that they're studying measures to increase these tariffs, aiming to protect domestic industries and promote fair competition.
But that's not all! The Ministry also revealed plans to impose temporary anti-dumping measures on brandy originating from the European Union 🍷🇪🇺. So, if you're a fan of European spirits, you might want to keep an eye on this development.
Meanwhile, China's taking a closer look at certain pork and pig by-products 🐷🥓 imported from the EU, along with an anti-subsidy probe into some EU dairy products 🥛🧀. The spokesperson emphasized that China will take all necessary steps to safeguard the legitimate rights and interests of its industries and enterprises.
For young entrepreneurs and investors, this could signal new shifts in trade dynamics and potential opportunities within China's markets. Stay tuned for more updates on how this might impact international trade! 🌐🚀
Reference(s):
China studying measures to raise tariffs on fuel vehicle imports
cgtn.com
