BEIJING (AP) — Chinese drinkers may pay more for Remy Martin and other European brandies after the government announced preliminary tariffs of 30.6% to 39% on Tuesday, four days after a majority of European Union countries approved rights to electric vehicles made in China.
This step-by-step action may give Chinese negotiators leverage in talks with the EU on how to reduce or eliminate the problems tariffs up to 35.3% on Chinese electric vehicleswhich would come into effect at the end of this month.
The cognac tariffs are provisional and require importers to make a deposit with Chinese customs for the amount of the tariff from Friday.
The announcement follows a preliminary finding by China’s Ministry of Commerce in late August that European brandy was being dumped in China, threatening “substantial injury” to domestic producers.