Did the EU take action on Chinese electric vehicles? China strikes back: watch out for your brandy!
Relations between China and the EU have been strained by trade disputes
The relationship between China and Europe is a bit delicate, and the spark of the trade dispute is already emerging, and the situation is quite serious! On October 4, the European Union suddenly decided to impose a countervailing duty on Chinese electric vehicles, which is obviously an obstacle to the development of Chinese electric vehicles in Europe.
However, we Chinese are not easy to mess with, and the Ministry of Commerce quickly fought back, announcing that it would implement temporary anti-dumping measures on EU brandy. At this moment, the EU countries can be anxious, especially France, because they are the main sellers of Chinese brandy.
So, how exactly will this trade dispute develop?
The EU "gets hands": China's electric vehicles suffer countervailing duties
The European Union voted, and China's electric vehicles were affected
The trade dispute began with a vote in the European Union. There was a sudden vote within the European Union that decided to impose countervailing duties on Chinese electric vehicles. In this vote, France played a key role, joining nine other countries in the yes vote.
As a result, the life of Chinese electric vehicles in the European market will not be easy. You know, Chinese electric vehicles have a certain market share in Europe, and this vote is simply hindering the development of Chinese electric vehicles in Europe.
China strikes back: EU brandy faces challenges
The Ministry of Commerce has a shot, brandy has to be careful!
In the face of the EU's "provocation", our Ministry of Commerce reacted quickly and announced countermeasures. From 11 October 2024, importers will be required to pay a significant deposit when importing brandy from the EU.
Moreover, the proportion of this deposit is not low, and each company has to pay a ratio of 30.6% to 39.0%. This is not the end of the story, the spokesperson of the Ministry of Commerce also said that China is considering measures such as raising tariffs on imported large-displacement fuel vehicles.
In addition, anti-dumping investigations on pork and dairy products, as well as consideration of additional tariffs on large-displacement fuel vehicles, are also part of the countermeasures.
France brandy or withdraw from the Chinese market?
Did you know? The temporary anti-dumping measures implemented this time are targeted. You know, 99% of China's brandy imports come from France.
If the 35% anti-dumping duty is imposed according to the principle of reciprocity, then France's brandy will not have a good time in the Chinese market, and maybe it will have to withdraw from the Chinese market! This is not alarmist, you must know that in 2023, China's imports of brandy, pork and dairy products from the EU will add up to about 10 billion US dollars!
Ministry of Commerce: Precise counterattack to protect China's industry
The Ministry of Commerce "shines the sword" and lets the EU take a look!
This time, the Ministry of Commerce's counterattack was very precise and directly aimed at the "soft underbelly" of those countries in the European Union. A spokesman for the Ministry of Commerce said the countermeasures were in response to the European Union's vote in favor of imposing tariffs on mainland exports of electric vehicles.
Moreover, this counterattack also shows the mainland's determination to resolutely protect the rights and interests of China's industries and enterprises. Countermeasures against blindly obedient countries such as France are even harsher, because China is an important market for many of these countries' products.
Once they lose the Chinese market, it will be a big blow to them!
European countries: how to deal with them?
Europe, you have to be smart!
This trade dispute has also shown us the true face of some European countries. Be good to them, they won't be grateful; On the contrary, they were tougher, but they felt that they were valued, greeted each other with a smile, and were obedient in negotiations and cooperation. It's really laughable!
It seems that some European countries are still suitable for dealing with each other in the way of "speaking with strength" and "following the rules". After all, their level of civilization has not yet reached the level of harmony and win-win.
Are there more countermeasures?
Ministry of Commerce: There are still big moves!
This counterattack is just the beginning, and the Ministry of Commerce also said that it may take countermeasures against European luxury goods such as LV bags and France perfumes. That's really exciting! You know, these luxury goods have a lot of share in the Chinese market.
Once countermeasures are implemented against them, it will be a big blow to them!
The editor has something to say: trade disputes are not the solution
After reading this article, I don't know what you think? I think that trade disputes are not a good way to solve them.
There are many bases for cooperation and common interests between China and the EU, and differences and disputes should be resolved through dialogue and consultation. Instead of "firing fire" at each other, as is the case now, it will only end up being a lose-lose situation. It is hoped that China and the EU will return to the negotiating table as soon as possible and resolve this trade dispute through dialogue and consultation.
After all, peace and development are the main themes of the world now!
Conclusion: What's next for China-EU relations?
Regarding this trade dispute between China and the EU, we have to continue to pay attention. After all, it's in the interest of each of us! I hope that China and the EU can find a solution to the problem as soon as possible to make our lives better!
This trade dispute is like a war without gunpowder, which affects the hearts of countless people. We are all closely following the development of the situation, because it is not only about the interests of the two great powers, but also about the lives of every ordinary person.
It is hoped that China and the EU will remain calm and rational and find the best way to resolve the issue through dialogue and consultation. After all, peace and cooperation are the mainstream of today's world and the only way to achieve common prosperity and development. May China-EU relations get better and better and bring more benefits to our lives!