SHANGHAI (Reuters) — China’s Commerce Ministry issued its final ruling on brandy originating in the European Union on Friday, implementing duties of up to 34.9% for a period of five years starting from July 5, 2025, the ministry said in statement.
Some companies that had made minimum price commitments, including Pernod Ricard-owned Martell & Co and Remy Cointreu’s Remy Martin, will be spared the higher tariff rate, according to the announcement, unless those commitments were breached.