Overview

• China’s Ministry of Commerce published a list of 34 cognac and armagnac producers granted exemptions from anti-dumping duties in exchange for binding minimum price commitments.
• From July 5, imported European brandys in barrels under 200 litres will face anti-dumping taxes ranging from 27.3% to 34.9%, with an average rate of about 32.2%.
• Mofcom has signaled its readiness to refund the customs bonds that importers have been required to post since autumn 2024.
• The duties are a direct response to the EU’s October 2024 tariffs on Chinese electric vehicles and follow a January 2024 investigation by Beijing.
• French cognac producers report losses of about €50 million a month as market access in China tightens despite €1.4 billion in annual exports.