Trade War with China Brewing in Italy
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Medioimages/Photodisc(ROME) — Following the European Union’s decision this week to impose heavy duties on Chinese-produced solar panels in a move to protect European producers, China is moving to retaliate.
The country has launched an “anti-dumping” trade investigation into European wine, and may soon slap heavy tariffs on the stuff coming into China.
That’s bad news for Italian wine producers, who export more than eight million gallons a year, or almost $120 million worth.
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