China Exempts Major EU Brandy Makers From Anti-Dumping Duty

China has announced that it will exempt several major European Union brandy producers from newly imposed anti-dumping duties, easing trade tensions with the EU. The decision follows an investigation into allegations that European brandy was being sold below market value in China, harming local producers. According to China’s Ministry of Commerce, the exemptions apply to select well-known brandy brands that cooperated with the investigation and met specific criteria. This move is seen as a gesture to maintain strong economic ties with the EU amid broader trade disputes with other partners. Analysts suggest that the exemption could help prevent a wider trade conflict between China and Europe, especially at a time when both sides are navigating complex geopolitical and economic challenges.

POLITICS