On Friday 4 July, Beijing announced that it would be imposing a definitive anti-dumping tariff on European brandy from Saturday 5 July. This confirms the provisional duties put in place in October 2024 (see EUROPE B13499A27).
This measure mainly targets French cognac, a quarter of whose exports are destined for the Chinese market. The highest rate, 34.9%, applies to French cognac giant Hennessy.
In recent weeks, some other French producers have found agreements with China to set minimum...