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China Declares War on French Wine
Townhall.com ^ | July 5, 2013 | Mike Shedlock

Posted on 07/05/2013 6:26:30 AM PDT by Kaslin

In retaliation for ridiculous EU tariffs on solar panels (sponsored mainly by France over the objections of Germany) China Declares War On Wine.

Via Mish-modified Google translate from El Economista ...

The Chinese government has decided to launch an investigation into the European wine sector with the later intention to apply a punitive tax if necessary, as China authorities accuse wine producers in the European Union (EU) of unfair trade tactics such as dumping and subsidies.

The temporary imposition of a tariff on Chinese solar panels by the EU started a trade war whose greatest victim is wine.

"This is a thorough research on European wines for export, in all formats, is bottled in barrels or in bulk," say sources familiar with the process, which warned that the wineries are going to have to face a complicated process and urgent administrative that could derail Asian exports. And that is bad news for an industry whose sales in their home markets is already complicated by the financial crisis.

Chinese authorities have given wine exporters 20 days to register as companies subject to investigation, and if they are not registered before July 21, China will automatically apply a punitive percentage.

No One Wins a Trade War

Should the EU be stupid enough to press the matter further, China would likely respond in kind.

For example China could threaten to place tariffs on cars from Germany or better yet Airbus planes (manufactured in a consortium of countries including France).

Strong retaliation might drive home the point, but don't count on it. Never underestimate the stupidity of EU bureaucrats who think they can impose their wishes on the market.


TOPICS: Business/Economy; Editorial
KEYWORDS: china; eurozone; france; french; jobs; mikeshedlock; tradewar
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To: Red Badger

Well, then it wasn’t french cheese but probably Gouda cheese, or Edam cheese, which are both cheeses from the Netherlands.


21 posted on 07/05/2013 12:46:42 PM PDT by Kaslin (He needed the ignorant to reelect him, and he got them. Now we all have to pay the consequenses)
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To: Kaslin

It was on an Air France flight to Paris back in 2000. It was served with the meal, and I had never eaten that kind of cheese before, whatever it was. I just unwrapped it from the foil and ate it. I thought it was terrible, until I saw the other passengers peeling it off....................


22 posted on 07/05/2013 1:36:23 PM PDT by Red Badger (Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
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To: Kaslin

At least it’s not British opium.


23 posted on 07/05/2013 4:31:09 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Kaslin

There are also U.S. Government restrictions against Chinese PV solar module imports, BTW.


24 posted on 07/05/2013 4:33:02 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Kaslin

I like California wine. It’s excellent.


25 posted on 07/05/2013 4:33:04 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: Kaslin
Hey I love Brie and Camembert cheese, which do not stink.

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Me too. I also love smoked gouda, bleu cheese, havarti and gruyere. I don't think that I've ever had limburger, and I'm not certain that I'd like it. I love plain old aged cheddar!

26 posted on 07/05/2013 4:40:58 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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