Dhaka, July 6 -- China announced on Sunday that European medical device companies will be barred from participating in government procurement if contract values exceed 45 million yuan ($6.28 million), escalating trade tensions with the European Union.

The Finance Ministry said the restrictions, effective immediately, exclude European companies that have invested in China and manufacture their products locally.

The move follows Beijing's decision on Friday to impose anti-dumping duties on European brandy, primarily targeting French cognac. Although some major brandy producers received exemptions, this marks the latest development in an ongoing series of trade disputes between China and the EU spanning multiple industries.

Tensions have ...