A developing trade dispute between China and the EU is causing a damaging situation for European winemakers. Allegation that China has been dumping solar panels on the EU market below cost to gain market share has resulting in retaliatory tariffs on imports of solar panels from China by the EU. Until August 6th the tariff rate will be 11.8%, however after August 6th the tariff will increase to 47.6%. Following the announcement of the new solar panel tariff, China announced it will investigate a complaint by the Chinese wine industry that EU winemakers were selling below cost and subsidizing exports. European winemakers are already feeling the effects of these tensions upon their sales. Many European winemakers are struggling because of the state of domestic economies and the Chinese market has played an important role in keeping their sales up. To read more about these tensions and the effect they are having on the European wine industry:
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