China Investigates EU Cars, Slaps Levy on Brandy as Ties Worsen

China Investigates EU Cars, Slaps Levy on Brandy as Ties Worsen

China is considering raising tariffs on imported large-engine vehicles and imposing duties on brandy from Europe in response to the EU's tariffs on Chinese electric vehicles. This move aims to pressure Brussels into finding an alternative to the tariffs. European carmakers and brandy companies have seen their shares drop in response.

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