France urges tariff barriers to stop China from killing industry
"In the world we are in today, we must protect our industry," Lombard said Saturday at a conference in Aix-en-Provence, France. "We must do it on all industrial segments, otherwise the Chinese policy that consists of having a production capacity of more than 50% global market share in each sector will kill our industry."
China announced anti-dumping duties on European brandy on Friday while exempting major cognac makers that agreed to minimum price levels. The action followed the EU's decision in 2024 to levy duties as high as 45% on Chinese-made electric vehicles.
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