17:19 - 9.10.2024

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October 9, Fineko/abc.az. The measure is being introduced in response to EU's decision to tighten duties on imports of electric cars from China.

ABC.AZ reports that French producers will be mainly affected: they control 99% of the Chinese luxury alcohol market.

Retaliatory measures can lead to a 20% drop in sales. In France, the move has already been called violating the principles of free trade and promised to apply to the WTO.

Also, according to preliminary data, China is going to increase duties on the import of cars with engines of more than 2.5 liters, thereby limiting the profits of German and Italian companies.