China Imposes 27.7% to 34.9% Anti Dumping Duties on European Brandy Exempting Major Producers
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币界网报道：China has imposed anti-dumping duties of 27.7% to 34.9% on European brandy imports, effective immediately, following a five-month investigation. The tariffs target products from the EU but exempt major producers like Remy Cointreau and Pernod Ricard, which operate joint ventures in China. The move is seen as a response to the EU's recent tariffs on Chinese electric vehicles. Industry analysts suggest this could reshape the premium spirits market in China, where European brandy accounts for 99.6% of imports. The decision comes amid ongoing trade tensions between China and the EU, with potential implications for other luxury goods sectors.
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