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

  • China has implemented temporary anti-dumping measures on European Union brandy imports, targeting brands like Hennessy and Remy Martin, after the EU approved tariffs on Chinese electric vehicles.
  • China's Commerce Ministry stated that an investigation found EU brandy dumping threatens "substantial damage" to its local sector.
  • Starting October 11, importers of EU brandy must pay security deposits between 34.8% to 39.0% of the import value.
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Business Times broke the news in on Monday, October 7, 2024.
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