China Holds Off on Brandy Tariffs, But Trade Tensions Remain

China has announced it will not impose provisional tariffs on European brandy makers, despite finding evidence of dumping. The decision comes after Beijing launched an investigation into brandy imports from the European Union in January, following the EU’s own investigation into Chinese electric vehicle subsidies. While China has opted against immediate tariffs, the possibility remains open. The move comes amidst ongoing trade tensions between the EU and China, with both sides conducting investigations into each other’s industries.