In a rare positive development Amid Escalating Trade Tensions Between Brussels and Beijing, China on Friday Excluded Major Cognac Producers – Pernod Ricard, LVMH, and Rémy Cointreau – From Steep Tariffs on Brandy. Starting Saturday, China Will Impose Duties of Up to 34.9% for Five Years On Brandy Imported from the European Union, the Majority of Which is French Cognac, According to the Chinese Commerce Ministry’s Final Ruling Following A Year-Long Investigation.
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French Cognac Brands Sales to China Fell 70%
