Hold onto your steering wheels, global auto fans! 🌍 China is considering raising tariffs on imported fuel-powered cars with large engines, according to its Ministry of Commerce. The move aims to protect domestic industries and could shake up the international auto market.
🔧 Officials stated they're exploring 'necessary measures' to safeguard Chinese businesses, hinting at tougher trade policies. This comes as China slaps temporary anti-dumping tariffs on EU brandy 🍷—a clear response to recent trade tensions.
💼 But that's not all! China is also investigating EU pork 🥓 and dairy products 🧀 for alleged unfair trade practices. While details remain under wraps, these moves signal a strategic shift in China's trade playbook.
'We'll follow WTO rules and ensure fair outcomes,' a ministry spokesperson emphasized, suggesting more policy twists could lie ahead. Analysts are watching closely—will this accelerate the shift to EVs? ⚡️ Only time will tell!
