Hold onto your sombreros, folks! 🎩 In the latest episode of international trade drama, China is stepping up to defend its move to hit European Union brandy imports with anti-dumping measures. 🍷🇨🇳 The Ministry of Commerce says it's all good and totally in line with World Trade Organization (WTO) rules. ✅
A spokesperson from the ministry said these actions are \"legitimate trade remedies initiated by the Chinese industry\" and fully comply with WTO regulations. Sounds like a fair game, right? 🎯
This spicy development comes just days after the EU decided to slap tariffs on Chinese-made electric vehicles (EVs) 🚗⚡️. Talk about trading punches! 👊
The Chinese ministry isn't mincing words. They claim the EU's anti-subsidy investigation into Chinese EVs wasn't even requested by the industry and \"lacks a solid factual and legal foundation.\" Basically, they're calling it out as a violation of WTO rules and labeling it as protectionism in disguise. 😱👀
\"To firmly defend the legitimate development rights of China's EV industry, China has lodged a strong protest with the WTO and is bringing the relevant anti-subsidy measures before the WTO dispute settlement mechanism,\" the spokesperson declared. 📝
China is urging the EU to \"immediately rectify its practices\" to keep the economic and trade vibes harmonious between the two regions. ✌️🌍
Looks like this trade tango is heating up! 💃🔥 Will this affect your favorite European spirits or the latest EVs cruising the streets? Only time will tell! Stay tuned for more updates on this international showdown! 🎬🌟
Reference(s):
China says anti-dumping measures for EU brandy comply with WTO rules
cgtn.com
