Overview
- The definitive anti-dumping duties take effect on July 5, 2025 and will apply for five years to brandy imports from EU member states.
- Pernod Ricard, Rémy Cointreau and Hennessy secured exemptions by committing to agreed minimum export prices or face the full levies if they breach the terms.
- China’s tariff commission concluded that EU producers dumped cognac below fair market value, posing substantial damage to domestic spirit makers.
- Monthly cognac shipments to China have plunged by up to 70% since provisional duties began, industry data show.
- The move raises stakes in trade relations with the EU as officials prepare for the upcoming summit later this month.