China investigates EU cars, slaps levy on brandy as ties worsen

A Nio ET5 in a Berlin showroom. — Chinese EV maker Nio will be among companies hit by new EU tariffs. Shown is a Nio ET5 in a Berlin showroom. (REUTERS)

By:

Bloomberg

October 08, 2024 09:36 AM

China is studying raising tariffs on large-engine vehicles and will start collecting duties on brandy from Europe, escalating a trade spat after the European Union decided to impose tariffs on Chinese electric vehicles.

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