China slaps tariffs on EU brandy imports
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China plans to collect anti-dumping duties on European brandy imports from October 11, 2024. The European Union said it would challenge the move, announced just days after Brussels voted to impose tariffs on Chinese-made electric vehicles, at the World Trade Organization. Beijing’s plans would require major French brands such as Martell, Remy Martin and Hennessy to pay “security charges” of at least 30 per cent on imports into China.
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Why the EU think that when they placed tariffs on Chinese's goods and expected China not to do the same, what were the EU thinking ?
they feel entitled.
They weren't thinking clearly because they were politicians. Politicians often make poor businessmen.
How dare you!
We did it on purpose so brandy will be cheaper for locals 🎉 keep the brandy to ourselves
They should apply it to luxury fashion brand aswell.
Chinà makes most of those as well even if they say made in France or Italy.
@@wcdirect9217
The counterfeit ones.
Lol. Gucci literally is made in china.@@ypw510
@ypw510 they can't produce well, if not in China. I recalled 1 store close his store if only Chinese tourists come. Remember, China is the producer of best cotton in world which was from xinjiang
They will. You can trust Chinese government for playing tic tac.
The EU will be screaming: "China cannot do that, only we can impose tariffs!" 🤣
😂😂😅😅
Just like the CCP does? Its not fun when we are evening out the playing field right?
The best part is the spokesman saying "we need to protect our industries from unfair trade practices which we will investigate fairly". The irony..... 😁
Yeah stick to Chinese brands of drinks that have slowly ruined people’s health due to their fake ingredients.
Overcapacity french brandy dumping world wide 😢
Replace brandy with cheap EV, and you’re accurate. 😂
@@ondreiii you know the EU is bs'ing about climate change when cheap EVs are a problem for them
I drank too much alcohol already...... for my entire life!
Weird. You can tariff electric cars. But go complain like a baby when tariffs hit on your products?
Euro liquor is expensive anyway. EU should have expected this to happen. Going to WTO only demonstrates their naivity.
300% Tariff on Luxury Bag!
Like china dont like luxury bags at all dont forget most items billionaires in china are all using LUXURY ITEMS made by EU😂😂 DONT MAKE ME LAUGH you brainless monkey
Lol they can’t afford the luxury bags anyway today. They’re all wearing fake ones 😂😂😂
@@ondreiiican you afford one 😂😅😅😂
300% ??
China should slap 800% or even 1,000% on EU f**k luxury bags
China's luxury goods purchases account for 38% of the world's total. If China were to impose tariffs on luxury goods, it would be fatal for France! china wouldn't do this unless absolutely necessary!
Slap Tariff on LV, Hermes, Lowe
Overcapacity of Martell, Hennessy, Otard... 😂😂😂
Add luxury cars to that list.
Only EU brandy ???
Will China slaps tariffs on these EU's : Dior、CHANEL、L'OREAL、HERMES、LV、TOTAL、Schneider、DANONE、Saint-Gobain、MICHELIN as well ??? 😁😁😁😁😁😁
Alcohol, luxury bag, ICE cars all these are unnecessary.
ICE cars? are you sure🤣
@@Kiyoone they're extremely unnecessary in a country that can't produce its own oil
@@Kiyoone only necessary in US/EU where charging stations are unreliable and few
France should see this coming
@@myintmaunmaun
No one cares, "cheenks" are always crying
100% tariff on LVMH over capacity !
There's a reason why it's called luxury... it's not gonna matter for the Rich 😑😑😑😑
Fashion brands say otherwise 😅😅😅
@@TheYogesh7777ofc they do but who cares?
90% french brandy is exported.
Time to stop french overcapacity and dump the over supply of brandy to the world. No french wants to drink brandy.
What? The French aren't big on drinking Cognac, where most is exported. However, they prefer Armagnac.
Europe imposed additional tariffs on cheaper Chinese EVs aimed at lower-income consumers. This tariff makes Chinese car brands expensive for those lower-income consumers. In response, China imposed tariffs on European brandy, targeting middle- and upper-middle-class Chinese consumers. However, I don't see a 30-35% price increase will deter these consumers from purchasing European brands. In sum, I think the Chinese tariffs will be less effective than the European ones
So in your own words EU is punishing its own people, most vulnerable group at that, who already has little money and in product segment, where there simply is no alternative, while Chinese simply make drinks more expensive for rich people, who woulndt care and will buy them anyway and middle class, who can simply to switch to any other brand of alcohol?
@@alexejvornoskov6580 👍🏻👍🏻👍🏻
@@alexejvornoskov6580Yes
average Chinese are richer than average European
Banned them... 😂😂😂
Australia should tell EU what to expect and what it feels like now hahaha
Foreign alcohols, let the foreigners in Shanghai drink them. EU slapped 40% on Chinese EV, China should slap 80% on those French brandy.
Buy alcohol drinks from friendly countries like Zimbabwe, South Africa, Chile and others.
Lol sureee 😂😂😂
Zimbabwean brandy, does that even exist?
Zimbabwe does not even produce enough basic food items for itself.
Sure. Like they will have a suitable substitute for Cognac.
Suntory makes a similar brandy in Japan. I guess that would work.
@@pjacobsen1000
I got curious and looked up what was available in Zimbabwe. Apparently they import brandy from South Africa. Doesn't sound like much of a competitor for Cognac.
China should start working on their own brandy business.
yes, that is the point. When gov says things like that is a green light for Chinese to do it.
With gutter oil🤣🤣
@@ButterflyG673 You know. Elon Musk once Laughed At BYD. Who's loughing now :)
They do! Moutai, ZHU YE QING to name a few.
@@harlan3103 moutai isn't brandy it's alcohol. Brandy made out of grapes moutai made out of grains like rice.
EU charged EV from China and want to chellenge traiff imposed by China, it doesn't make sense. Is EU double standard grouping? They can do as they like to other but other can't retaliate
Not many people in China like these european liquor, but Chinese population is huge, even a tiny portion of them do it would be a huge business.
use local or other brands still the same..have nice brandy from other regions round the world
Over-capacity handbags, perfumes or high-end branded products monopolising the market.
As an Indian, I wish our government had the courage to impose tariffs on Western goods, but we lack the boldness to do so, unlike China. If we were to take such actions, Europe and the USA would likely stop donating billions to my poor country, India, each year.
You want to impose tariffs on EU and USA but you want them to send your country free money??🤦🏻♀️🤣🤣
Do Indians buy a lot of western goods? I've so far not heard of India being described as a major market for western consumer products, aside from iPhones.
What about radiation laced Japanese seafood? Why lift the ban?
Since EU put 200% tariff on China EV Cars, i dont see anything wrong that China do the same things on EU .
France is already crying and complaining
I beg your pardon but where did you get this nonsensical number from?
The EU started it first because they lost at their own game.
@@ragnarokws2670 Mainland China will be the biggest loser in a tariff war lol. China is the largest manufacturer and heavily reliant on exports. Without people buying cheap junks, China will implode by itself.
9-38%, depending on the manufacturer.
China is the biggest market of deluxe stuffs.
3rd-brotha is the biggest producer of cow-fertilizer and beef.
countries challenge other countries without thinking the same thing can happen to them lol. world of politics is a joke
LIKE AUSTRALIA WINE, THE WESTERN NATIONS WILL RALLY TO DRINK MORE BRANDY COGNAC LOL IF THEY CAN AFFORD IT
The United States is about half export market for Cognac.
@@ypw510 90 % CHINA
Probably the best time for tariffs on European luxury goods when Chinese demand for these luxury goods is at its lowest in years. 😊
Canada PM Trudeau :
"We must impose a 100% tariff on imports of Chinese EV car to protect our industrial."
🤣Canadian : But Sir , we don't have EV car industrial ?? 🤣
she (the bar owner) is smart, can be seen from her answers.
Ban Apple next
French brandies are also extremely expensive in North America due to taxes.
Bravos China 💪💪💪👏👏👏. What goes around comes around.😂
Will they making their own brandy industry someday ??
Maybe there would be a Chinese brandy industry someday
I saw some article claiming that they might be trying to protect domestic producers in China, but I've never heard of Chinese brandy. Now I suppose it's possible since wine grapes are grown in China.
That will teach them 😂😂
means bars are already charging "luxury" prices. just earn less.
Europe is willing the pay the price because it’s not just a simple trade dispute but a longer term agenda to slow Chinese EV progress by limiting market access. Unlike Western countries China’s infrastructure is brand new with EV integrated for the future whereas the West doesn’t have the local demand thus any incentive to do the same.
Why not just set up a commission that will keep track of brandy dumpers and just bar or restrict those brands? They don’t have to slap a tariff on EVERY foreign import, just because they wanna sell for an unprofitable cheap to artificially boost global share value
China importing that much of Brandy & wines?
People still drink brandy? The last time I had a sip was in the 1990's.
The French actually drink Scotch whisky more than their own brandy. But absolutely there's a pretty big export market for Cognac and Armagnac.
Sweet. Save the brandy for us.
China should endeavour to expand the BRICS and trade with member countries only.
BRICS Countries are poor they can’t afford Chinese cars 😅
@@leroi5342 Saudi poor? UAE Poor? Brazil poor? Iran poor? What an idiot!
@@leroi5342says who??? You liars if course. You think everyone is poor except whites. I have seen cm very poor people in America and Europe.
@@changboni Brazil ? Yes....Iran ? ....Yes. Look @ the average income. Not many can buy e-cars.
@@GeeJay1971yup most are poor
Brics won’t work as most of thier economy and currencies are too far apart
China is way too "Capitalist" for my liking. Where is the tariff for luxury brands and car brands. People who have money will get them anyway. That's how you lowkey tax the rich.
China itself is a social democracy in politics, and capitalism in the market!
That is fair.
EU picked a fight ! 30% import duty is too lenient, not even scratch the surface
Cheap is relative. Why Brendy that cost just 100s of dollars seems expensive and EVs that cost over $10k++ is cheap, its because of brendy side effects. EV can help save expenditures, but brendy will cause unexpected expenditures, thats why they are labelled as expensive or luxury.
When are they doing the same to Australian coal? Winter coming. 😅
The thumbnail shows only whiskey.
The next item to be hit with 100% tariff is French Fries. 😂
Why are they challenging it at the WTO?
Because Trade is governed by treaties, if they are broken e.g Free trade agreement may be cancel or allows EU to high tax on Chinese products.
@@Muralidharan001 Well if China is a threat, why do they need the Chinese market?
If you Can do it, I can do it better say China
That's because EU obeyed the US Israel leadership 😂😂
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Cocktail is cocktail
😂😂😂😂 😂😂😂😂
😂 😂
😂😂😂 😂😂😂
😂 😂
😂 😂
Even mainlanders speak better english than hkgese
By looking into those votes . Many EU country need to follow empireU$ policy , not helping the worker.
Doesn’t this make people wonder why countries with the least automobile interest wanted higher tariffs?
While the three biggest car makers go:
BMW: no tariff plz it hurt us more
Mercedes: we would like to compete with auto brands from China
VW: no tariff please…
That's because they've already copied and reversed it, now it's time to ban the original.
Which is why I always tell people, don't think you can ignore politics as (none of my business) coz eventually politics will caught you up and affect your livelihood. The only different in China is being dictatorship hence it is tough to have opposition politics in it.
The only way to force CCP listen to his people is by unifying together act, how folks force CCP open up Covid restriction, the 躺平 act, etc... works
Jai Hind. Don't drink if driving
Taxes are tools and toys for the gov and riches! Consumer's that bears the price.
use Chinese brands
What about India?
😂🤣
Okay. At first i thought Brandy things were those luxury things like those overpriced bags from french not drinks 😂😂😂
Hahaha, drink ur own alcohol made of... something.
Koreans should first consider how many military prostitutes they contribute to American soldiers every year. This kind of fair confrontation between countries is not something that a colony should consider.
this is the way Chinese gov says; *Its ok to make fakes/knockoffs ones*
In the end consumers always have to bear the brunt.
Chinese don’t drink brandy lol
世上本无事，庸人自扰之。这只是前戏而已~
I've been concerned about EU's overcapacity of brandy for years, and I'm glad China is doing something about it.
Anderson Amy Lee Daniel Wilson Carol
We appreciate your insights. We look forward to see more.
Instead of asking for leniency, China's 🇨🇳 determination to fight back against the EU tariffs *will only hurt China more.*
This isn't so bad, right? Europe also isn't afraid of its people being harmed by not being able to buy affordable electric cars, right?
tariff on cheap EVs... way to go west
this would drive more tourism to japan. chinese toursts already go to japan for luxury brands now
Russian alcohol then.
According to chy na logic, only the chy na consumers suffer.😂
You seem to be an illogical person
Hello to “Mohammed Kumar”/“Hkchinese”/”wynn” and the rest of the Sinophobia - Industrial Complex.
@@ToiChutGongWu Keep spamming and collecting your money little 👀🤣
Still jobless nergre marron? 🤣😂
Returning the favors😂. 來而不往,非禮也！
No use lar, they will bring in from HK and Taiwan using high speed boats at night, just like the Australian lobsters.
I live outside China. Cheap brandy coming my way. 😊😊😊
My condolences to all Chinese 🇨🇳 who lost their freedom of speech and independent brain, and have become victims of expansionism in disguise of nationalism with the fact that China is NO Superpower:
- The GDP per capita of the second most populous country is 99th in the world, still behind many African countries,
- It doesn't respect international laws and orders, and
- it's coercive against smaller nations
hi my name is kumar from endia
Stooges$1 reporting for duty
LOLS..endia..the next super puppet.
If China GDP per capital is 99th in the world, how many rank for Endia? 99999th?
The fact that India is not a permanent UNSC member is a blessing for the entire world. My condolences to all the victims who suffered and died because of the |ndian regime.
Land grabbing and expansionist |ndia since 1947 independence.
1947 Annexation of Kashmir
1948 Annexation of Hyderabad
1948 Annexation of Junagadh
1949 Annexation of Manipur
1949 Annexation of Tripura
1951 Annexation of South Tibet
1951 Nagaland plebiscite - 99.9% of the Nagas wanted independence from India
1961 Annexation of Goa
1962 Annexation of Kalapani, Nepal
1962 Aggression against China
1971 Annexation of Turtuk, Pakistan
1972 Annexation of Tin Bigha, Bangladesh
1975 Annexation of Sikkim (the whole country)
1983 (Aborted) Attempted invasion of Mauritius
1990 (Failed) Attempted annexation of Bhutan
2006 Annexation of Duars, Bhutan
2013 Annexation of Moreh, Myanmar
Hahahaha!!! 😂😂😂😂😂 Propaganda classic 😂😂😂😂
Just disgusting baijiu for Chinese from now 😂😂😂
Don't worry, French friends, you will soon have unlimited cheap French wine. EU friends will also have the same benefits.