China could introduce import duties on European luxury cars
According to French daily Les Echos, China is considering imposing import duties on high-end European cars following complaints over subsidies that enable EU carmakers to sell in China at a loss. Beijing authorities are examining a complaint filed by Chinese automakers over luxury imported European models, amid rising tensions between two of the world’s biggest trade partners.
China opened an anti-dumping and anti-subsidy inquiry this week into sales of European wine after the European Union imposed anti-dumping duties on Chinese solar panels. The official People’s Daily newspaper said on Thursday that China had plenty more cards to play in its dispute with Brussels, whose move against Chinese solar panels has infuriated Beijing.
adapted from Reuters