Overview

• China’s Commerce Ministry finalized anti-dumping duties of 27.7% to 34.9% on EU brandy imports for a five-year term beginning July 5.
• Jas Hennessy will incur a 34.9% levy, Rémy Martin 34.3% and Martell 27.7% under the final tariff schedule.
• Pernod Ricard and Remy Cointreau secured exemptions by promising to sell their cognac at minimum prices that China has not disclosed.
• Preliminary measures introduced last October have already driven EU brandy exports to China down by about 70%.
• The ruling responds to Brussels’ investigation into Chinese electric vehicle subsidies, further escalating broader EU-China trade friction.