🍷 Heads up, brandy lovers! China announced on Tuesday that it's imposing temporary anti-dumping measures on imports of brandy from the European Union (EU). Importers will now need to pay a cash deposit when purchasing these European spirits. Talk about shaking things up! 🥂
But that's not all! 🚗 China is also considering increasing tariffs on imported fuel-powered cars with large displacement engines. If you're into luxury rides, this move might rev up prices for those sleek European cars you've been eyeing. 🔥
These developments could shift the gears in trade between China and the EU, especially in the premium beverage and automobile markets. Stay tuned for more updates on how this story unfolds! 🌟
Reference(s):
cgtn.com
