{"id":244274,"date":"2025-07-07T03:34:11","date_gmt":"2025-07-07T03:34:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/244274\/"},"modified":"2025-07-07T03:34:11","modified_gmt":"2025-07-07T03:34:11","slug":"why-france-is-toasting-chinas-new-tariff-on-european-brandy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/244274\/","title":{"rendered":"Why France is toasting China\u2019s new tariff on European brandy"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s new anti-dumping duty targeting European brandy unexpectedly became the toast of France over the weekend, after Beijing granted exemptions to a string of French cognac makers.<\/p>\n<p>The cordial reaction in Paris came as a surprise to many analysts, who had initially predicted that China\u2019s decision to impose the tariff might <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/global-economy\/article\/3316945\/china-levy-anti-dumping-tariffs-european-cognac?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">further raise tensions with the European Union<\/a> and sour preparations for an upcoming leaders\u2019 summit in Beijing.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">But French leaders ended up hailing the ruling as a \u201cpositive step\u201d, after a deal was brokered that saw major producers including Hennessy, Martell and R\u00e9my Martin sign on to a minimum export price that exempted them from the levy.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">That allowed Chinese foreign minister Wang Yi to wrap up his European tour on a positive note on Sunday, with Beijing having published an official list of 34 companies exempted from the tariff and French industry insiders sharing that the move could have a huge impact.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The exemptions will cover roughly 90 per cent of French cognac exports to China in volume terms, according to France\u2019s Union G\u00e9n\u00e9rale des Viticulteurs pour l\u2019AOC Cognac (UGVC), a producers\u2019 union with 2,000 members.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">French foreign minister Jean-No\u00ebl Barrot framed China\u2019s announcement as an \u201cagreement\u201d reached between China and the cognac industry at a joint press conference with Wang on Friday evening, Paris time.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s new anti-dumping duty targeting European brandy unexpectedly became the toast of France over the weekend, after Beijing&hellip;\n","protected":false},"author":2,"featured_media":244275,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5309],"tags":[94827,3801,94828,1395,94826,94574,15451,2000,299,94335,2557,36,92718,19125,13302,51703],"class_list":{"0":"post-244274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-france","8":"tag-armagnac","9":"tag-beijing","10":"tag-bnic","11":"tag-china","12":"tag-china-eu","13":"tag-chinese-investment","14":"tag-cognac","15":"tag-eu","16":"tag-europe","17":"tag-european-brandy","18":"tag-european-commission","19":"tag-france","20":"tag-french-cognac","21":"tag-hennessy","22":"tag-jean-noel-barrot","23":"tag-wang-yi"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114809855545036854","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/244274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=244274"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/244274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/244275"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=244274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=244274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=244274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}