US EditionChina spares major cognac makers from EU brandy dumping duties
- China announced on July 4, 2025, new anti-dumping duties of up to 35% on EU brandy imports, sparing Pernod Ricard and Remy Cointreau if they meet minimum price conditions.
- The duties follow a trade dispute triggered last year when China investigated EU brandy after the EU imposed tariffs on Chinese electric vehicles amid accusations of unfair subsidies.
- The five-year duties starting July 5, 2025, apply to brandy without price commitments, threatening levies of 34.9% on major producers like Jas Hennessy, Remy Martin, and Martell.
- BNIC stated the price deal is "less unfavourable" than duties but still worse than pre-investigation levels, while monthly cognac exports to China have dropped by about 70%.
- The move may ease tensions but underscores ongoing trade frictions amid a summit marking 50 years of China-EU ties and broader geopolitical strains over Russia and economic competition.
190 Articles
190 Articles
China is willing to cooperate with France in industries such as nuclear power, aviation, artificial intelligence, green energy and biotechnology, Foreign Minister Wang Yi said. Wang's comments in Paris culminated in a European visit that also took him to Brussels and Berlin. During his trip, China announced the imposition of anti-dumping duties on the European brandy, while exempting major cognac producers who agreed to minimum prices. That matt…
In the end, China will not apply the 35% additional customs tax on French cognacs. Producers have reached an agreement with Beijing, which accused them of unfair competition against the Chinese brandy. Those who respect the minimum prices negotiated with the country will be exempted. - "We were taken hostage": relief for French cognac producers after an agreement with China (Economy).
Lietuvos Radijas ir Televizija
charter97.orgIn Beijing, they decided to raise the cost of cognac and brandy from Europe by one third, with only a few alcohol producers making exceptions.
Concern also expressed about Beijing's anti-dumping measures on European brandies (and which are exempt from France):
Coverage Details
Bias Distribution
- 42% of the sources are Center
To view factuality data please Upgrade to Premium
