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China spares major cognac makers from EU brandy dumping duties
- China announced new anti-dumping duties of up to 34.9% on EU brandy starting July 5, 2025, with major French cognac makers spared if they meet minimum price commitments.
- The duties follow a 2024 investigation triggered months after the EU imposed tariffs on Chinese electric vehicles, amid a broader trade row between Beijing and Brussels.
- Several key French cognac producers signed minimum price agreements to avoid tariffs, though monthly exports to China have dropped by as much as 70% due to the dispute.
- The French industry group BNIC called the price deal "less unfavourable" than anti-dumping, but still worse than pre-investigation conditions, urging political talks to end duties.
- These trade tensions strain China-EU relations as they approach their 50th diplomatic anniversary summit this month, complicated by geopolitical issues like Beijing's stance on Ukraine.
92 Articles
92 Articles
Today, China introduced anti-dumping duties on some European spirits, especially on French cognac, the Ministry of Trade of that country announced.
Newsbug.info
China to require EU brandy exporters to raise prices or face tariffs
China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc.
China exempts major EU brandy makers from anti-dumping duty
China imposed anti-dumping duties on European brandy for five years, while exempting major cognac makers that committed to keeping their prices above minimum levels. The duties of as much as 34.9% will be imposed on European brandy shipments from July 5, according to a statement from China’s Ministry of Commerce. Exemptions apply to those that meet the price commitment, the ministry said. The three big cognac makers — Remy Cointreau SA, Pernod R…
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