China has launched a new anti-dumping investigation into French brandy imports, escalating a trade dispute between Beijing and Brussels.Officials at the Chinese commerce ministry said its probe into brandy imported from the EU was prompted by complaints from domestic manufacturers. Brandy is the most-imported spirit into China, and comes primarily from France.
The investigation comes four months after European Commission president Ursula von der Leyen announced an anti-subsidy probe into imports of Chinese electric vehicles, supported by French car executives and officials.
“Global markets are now flooded with cheaper Chinese electric cars,” she said in September. At the time, Brussels warned of likely Chinese retaliation.
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