I know some of you are keeping track of the various tit-for-tat trade disputes going on these days. Here's another, from the NY Times:
China’s nouveau riche millionaires, wealthy princelings and bribegiving business executives may soon find their wallets a little thinner: The price tag for French Champagnes and Burgundies, Italian Barolos and Pinot Grigios and other European wines may soon rise in mainland Chinese stores.
Acting less than a day after the European Union said it was imposing preliminary import tariffs on Chinese solar panels, China’s Ministry of Commerce announced Wednesday that it had begun an anti-dumping and anti-subsidy investigation of wines imported from the European Union. The investigation could lead to the imposition of steep tariffs by China on these wines.
