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Trade wars - China retaliates with brandy tax on EU exporters

10th October 2024

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A lovely case of retaliation here in the ongoing EU-China trade war with the Chinese imposing tariffs on EU brandy exports. In addition, as the article notes, "China is also considering new tariffs on other EU imports including cars, pork, and dairy."

So who is winning from this to-and-fro. In short, no-one: in targeting brandy, the Chinese know it affects relatively few producers and consumers, but in threatening to ratchet up retaliation further, they are signalling to the EU that they are prepared for the long haul.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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Trade wars - China retaliates with brandy tax on EU exporters

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Trade wars - China retaliates with brandy tax on EU exporters

Graham Watson

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