Global trade is going through a period marked by growing tensions, where diplomacy and economics are intertwined in strategic rivalries. Indeed, China’s opening of an anti-dumping investigation into imports of European cognac provides information on a new front in the trade conflict with the European Union. This move, seen as a direct response to European accusations against Chinese subsidies for electric vehicles, reflects an escalation of economic retaliation between two major powers. Such a case goes beyond a simple trade dispute. It raises fundamental questions about the balance of international trade and the role of institutions such as the World Trade Organization in arbitrating these disputes in a context of increasingly complex rivalries.
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