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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 EU brandy starting July 5, 2025, sparing Pernod Ricard and Remy Cointreau if they meet minimum price commitments.
- The duties follow a year-long investigation into EU brandy dumping and come amid a broader trade spat triggered by EU tariffs on Chinese electric vehicles since last October.
- Most affected brandy is French cognac, a $1.6 billion annual export to China, where monthly exports have fallen as much as 70% due to the dispute.
- Remy Cointreau called the deal a "substantially less punitive alternative" that enables "strengthening of some investments in China," while BNIC urges political resolution to remove duties.
- The new duties could worsen trade tensions as China aims to improve EU ties ahead of a July summit marking 50 years of diplomatic relations, despite ongoing frictions.
111 Articles
111 Articles
ledauphine.com
lejsl.comCognac producers may escape China's anti-dumping tariffs, but not all threats are being removed for the industry, which is already poorly developed.
This Friday, Beijing announced the imposition of a tax on imports of brandy and brandy from 5 July. A hard blow for the Gersian sector, forced to find new outlets to limit the impact...
China Imposes Tariffs on EU Brandy, Exempts Major Producers
China will impose duties of up to 34.9 percent on European brandy for five years starting July 5, according to the Ministry of Commerce. Certain major producers will be exempt if they agree to maintain prices above a minimum threshold. The decision, published in several documents on the ministry’s website on July 4, follows a year-long investigation launched in January 2024. French officials have described the move as “pure retaliation” against …
The EU-China summit was supposed to take place later this month in the capital Beijing and in Hefei, in the province of Anhui. The American media Bloomberg writes, based on sources, that China wants to cancel part of the summit. The shortened program would now only consist of one day in Beijing. Nevertheless, many major topics are on the agenda, such as levies on electric cars and cognac, export restrictions on computer chips and rare earth meta…
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