This decision is described as the final response to an anti -dumping procedure of the European Union targeting Chinese electric vehicles.
On Friday, China announced on Saturday imposing taxes on the importation of European Brandy on Saturday, including the French cognac, the final response to an anti -dumping procedure of the European Union targeting Chinese electric vehicles. The customs tariffs committee “Has decided to impose anti -dumping rights on imports from Brandy from the EU from July 5, 2025”said the Chinese trade ministry in a statement.
In detail, taxes will apply to the brandy conditioned in containers of less than 200 liters. The ministry said that the highest rate will be imposed on the French giant of Cognac Hennessy, up to 34.9%. The other big French houses in Cognac, Rémy Martin and Martin, will be 34.3% and 27.7% respectively.
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The president of the French National Assembly Yaël Braun-Pivet, visiting China last week, said he hoped for a lifting “In the coming days” Chinese sanctions targeting Cognac and Armagnac. China, which alone receives a quarter of French cognac exports, is expected to publish on Saturday, on Saturday, the conclusions of its anti-dumping survey on imports of European Brandys (winewater, mainly cognac). This survey carried out in retaliation for a European procedure targeting the state subsidies enjoyed by electric vehicles manufactured in China.
These measures brought a blow in France to the entire Cognac sector, which claims to lose 50 million euros per month. On June 12, the French Federation of Exporters of Wine and Spirits had indicated that the negotiations focused on a price increase of 12 to 16% for these alcohols, while Beijing planned to increase its customs duties by more than 30%. Since the fall, temporary measures have also required importers to deposit an equivalent deposit with Chinese customs.
