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China puts provisional tariffs on European brandy after EU OKs duties on Chinese EVs

  • China announced provisional tariffs of 30.6% to 39% on European brandies, impacting brands like Remy Martin, after the EU approved duties on Chinese electric vehicles.
  • The tariffs require importers to deposit the tariff amount with the Chinese customs agency starting Friday.
  • China's Commerce Ministry found European brandy dumping in August, which could harm local producers, leading to these investigations.
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Business Times broke the news in on Monday, October 7, 2024.
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