China extends anti-dumping probe into EU brandy

China extends anti-dumping probe into EU brandy

/ 10:23 AM December 26, 2024

China

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Beijing, China — China on Wednesday said it would extend its anti-dumping probe into brandy imported from the European Union due to the case’s “complexity”, prolonging a trade standoff between Beijing and Brussels.

China in January launched an investigation into certain EU brandy imports after the bloc undertook a probe into Chinese EV subsidies.

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Beijing initially said the brandy probe would likely conclude in January, but the commerce ministry now says it will last until April 5.

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The ministry gave few details but said it was prolonging the “investigation period” given “the complexity of this case”.

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China in November said it would impose “temporary anti-dumping measures” on brandy imported from the EU after announcing provisional tariffs the month before, saying there were threats of “substantial damage” to the domestic industry.

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The EU has formally challenged the measures at the World Trade Organization.

Beijing’s move appeared to be a tit-for-tat measure against Brussels after the EU imposed hefty additional import tariffs on Chinese-made electric vehicles.

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TAGS: China, EU

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