Newzforyou.

Newzforyou.

China Retaliates Against EU's Electric Vehicle Tariffs, Imposing 39% Tax on European Brandy

China Retaliates Against EU's Electric Vehicle Tariffs, Imposing 39% Tax on European Brandy Image reproduced from 民視新聞網

China has decided to retaliate against the European Union's recent electric vehicle tariffs by imposing a 39% tax on European brandy, which has drawn significant attention.

This retaliatory tariff aims to respond to the EU's trade policies and exert economic pressure on related products to protect its market interests. This action is likely to escalate trade tensions between China and Europe.