China To Explore Response To EU EV Tariffs

Industry insiders say China is promoting internal procedures to increase temporary tariffs on the import of large gasoline-powered cars in response to EU tariffs on Chinese-made EVs, according to an article by Yuyuan Tantian, a social media account belonging to state broadcaster CCTV. The Ministry of Commerce is also expected to announce the preliminary results of the anti-dumping investigation into imported brandy from the EU by the end of August, according to industry experts familiar with the case. With sales of European brandy declining significantly in other markets, the Chinese market has become an important consumer, the article said.