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China spares major cognac makers from EU brandy dumping duties
- China announced new anti-dumping duties of up to 35% on European Union brandy on July 4, 2025, sparing Pernod Ricard and Remy Cointreau if they sell at a minimum price.
- This followed an investigation launched last year after a trade dispute erupted over EU tariffs on Chinese electric vehicles, leading China to impose temporary anti-dumping measures in October 2024.
- Key French cognac brands, including Jas Hennessy, Remy Martin, and Martell, agreed to minimum pricing arrangements to circumvent tariffs, but if they violate these terms, they could face anti-dumping duties ranging from 27.7% to 34.9%.
- Exports of French cognac to China, valued at about 1.4 billion euros annually, have fallen by up to 70%, causing industry losses of 50 million euros per month amid ongoing tensions and retaliatory probes.
- The French Bureau National Interprofessionnel du Cognac urged political talks to remove anti-dumping duties, while China cited the price commitments as a sign of its sincerity to ease trade frictions.
121 Articles
121 Articles
ledauphine.com
Cognac producers may escape China's anti-dumping tariffs, but not all threats are being removed for the industry, which is already poorly developed.
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