French cognac brands sales to China fell 70% • FRANCE 24 English

In a rare positive development amid escalating trade tensions between Brussels and Beijing, China on Friday excluded major cognac producers — Pernod Ricard, LVMH, and Rémy Cointreau — from steep tariffs on EU brandy.

Starting Saturday, China will impose duties of up to 34.9% for five years on brandy imported from the European Union, the majority of which is French cognac, according to the Chinese Commerce Ministry’s final ruling following a year-long investigation.
#Cognac #sales #china

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Post from France 24 on July 05, 2025

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