China's Ministry to Hold Hearing on Alleged Underpriced European Brandy Imports

Friday, 5 July 2024, 13:13
China is escalating trade tensions with the EU as it investigates claims of underpriced brandy imports. The Ministry's hearing will address concerns over European producers allegedly selling goods below market rates, further fueling strained relations between the two major economic powers.

China to Investigate Underpriced Brandy Imports

China's Ministry will conduct a hearing to address claims of European brandy being sold below market rates.

Tensions with EU

The investigation comes at a time of increased trade tensions between China and the EU.

Market Impact

  • Strained Relations: The probe adds to the ongoing trade disagreements between the two economic giants.
  • Import Price Concerns: Allegations of underpricing could impact the global brandy market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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