China could target French wine if Paris pushes for EU tariffs


BEIJING, Feb 11 (Reuters) – China could launch investigations into French wines or impose “reciprocal tariffs” on EU products if the ‌French government pushes for tariffs on Chinese goods, a social ‌media account affiliated with Chinese broadcaster CCTV, said on Wednesday.

A French government strategy ​report published on Monday urged the EU to consider an unprecedented 30% across‑the‑board tariff on Chinese goods or a 30% depreciation of the euro against the renminbi to counter a surge of cheap imports.

The ‌social media account Yuyuan Tantian ⁠said the report’s recommendations targeted only Chinese products and violated World Trade Organization rules.

“It is tantamount to ⁠declaring war on China in trade,” it said.

NO ACTION YET, SAYS FRANCE

“Today, as you can see, the proposal has not been taken up ​by the ​government, which does not mean ​that it is unfounded,” French ‌government spokesperson Maud Bregeon told journalists following Yuyuan Tantian’s report.

French trade and finance ministries did not immediately respond to a request to comment.

China last year spared major cognac producers from hefty duties on EU brandy following an anti-dumping investigation that lasted more than a ‌year and was widely viewed as retaliation ​for EU tariffs on China-made electric ​vehicles. France voted in ​favour of the tariffs.

Beijing has frequently said it is ‌willing to engage in dialogue with ​France and the ​EU to address trade disputes.

“China has always kept its door open for communication, but is also well-prepared to meet all ​challenges,” Wednesday’s Yuyuan ‌Tantian report added.

(Reporting by Shi Bu, Ethan Wang and Ryan ​Woo; Additional reporting by Thomas Leigh in Paris; Editing ​by Louise Heavens and Barbara Lewis)



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