China Halts Provisional Tariffs on EU Brandy Amid Trade Negotiations

Beijing's decision offers temporary relief in the ongoing EU-China trade tensions, with potential future tariffs still looming.

China's investigation found EU brandy sold below market prices, damaging local industry.
No provisional anti-dumping measures will be applied for now, leaving room for future actions.
The move is seen as a strategy to influence EU's stance on tariffs for Chinese electric vehicles.
French cognac producers, heavily impacted by the probe, urge immediate negotiations to avoid future tariffs.
Shares of French spirit makers rose initially but later stabilized as the market digested the news.