China\u2019s top diplomat Wang Yi\u2019s high-profile tour of Europe this week has been dominated by deepening trade tensions and mounting security concerns, with relations between Beijing and the European Union their most strained in years. Meanwhile, Brussels is attempting to maintain good relations with Washington, in the face of President Donald Trump’s unpredictable policies.<\/p>\n
While Wang is touring Europe and meeting with top decision makers, China’s commerce ministry moved to massively increase some tariffs on EU products.<\/p>\n
The Chinese ministry, which announced<\/a> the measure on Friday, said its investigations had found that EU brandy was being dumped on the Chinese market, threatening domestic producers. The country’s anti-dumping duties of up to 34.9 percent on European brandy imports will take effect on 5 July.<\/p>\n To circumvent these newly imposed tariffs, a number of predominantly French producers \u2013 including leading Cognac houses Pernod Ricard, R\u00e9my Cointreau and Hennessy \u2013 have consented to sell their products in China at prices no lower than a predetermined minimum.<\/p>\n Starting from 5 July, these firms will be permitted to operate under this pricing scheme as an alternative to paying the duties.<\/p>\n French cognac hit hard by Chinese anti-dumping measures<\/a><\/p>\n In Berlin, German Foreign Minister Johann Wadephul criticised China\u2019s “unilateral and often not very transparent” export restrictions on rare earths, which are vital for industries including electric vehicles and electronics.<\/p>\n Read more on RFI English<\/a><\/p>\n Read also:
How Trump\u2019s steep tariffs on China are pushing the EU closer to Beijing<\/a>
How the EU\u2019s reliance on China has exposed carmakers to trade shocks<\/a>
Macron calls US tariff pause \u2018fragile\u2019 and urges EU to stay strong<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s top diplomat Wang Yi\u2019s high-profile tour of Europe this week has been dominated by deepening trade tensions…\n","protected":false},"author":2,"featured_media":241217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[3801,1395,2000,299,5187,1699,70477,6202],"class_list":{"0":"post-241216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-beijing","9":"tag-china","10":"tag-eu","11":"tag-europe","12":"tag-european","13":"tag-european-union","14":"tag-pernod-ricard","15":"tag-president-donald-trump"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114803084052939228","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/241216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=241216"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/241216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/241217"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=241216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=241216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=241216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}