Chinese tariffs on EU brandy threaten French cognac makers with excess stock and potential export loss.
Chinese tariffs on EU brandy could leave French cognac makers with excess stock, difficult to sell elsewhere, fear analysts and investors. China's anti-dumping investigation into brandy from the EU mirrors its 2018 tariffs on Australian wine, nearly wiping out exports worth $1.1B. Worst-case scenarios for the cognac industry and French spirits makers such as Pernod Ricard and Remy Cointreau are being weighed.
May 06, 2024
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