China Balança Comercial

China will impose anti-dumping tariffs on European brandy—primarily French cognac—for five years starting July 5, following a year-long investigation. The Ministry of Commerce said in a statement, “There is dumping of related imported brandy from the EU... and there is a causal relationship between the dumping and the material injury threat,” with dumping margins ranging from 27.7% to 34.9%. The move comes amid escalating trade tensions between China and the EU. China’s decision to target European spirits is widely seen as a retaliatory measure in the ongoing trade conflict.