00:00China has imposed duties of up to 34.9% over 5 years on brandy imported from the European Union.
00:08The tariffs effective July 5th follow an anti-dumping probe launched last year into mostly French corneille.
00:16However, companies like Remy Martin and Mattel & Co, which previously agreed to minimum price commitments,
00:21will avoid the higher tariffs unless those terms are violated, said China's Commerce Ministry.
00:26China's probe into brandy imports came after the EU accused China of giving its auto industry unfair subsidies
00:34and imposed duties on imports of Chinese-made EVs.
00:38French corneille makers meanwhile said they have been caught in the crossfire of an escalating EU-China trade dispute.
00:45According to France's corneille industry body, corneille exports to China have dropped by as much as 70% due to the trade dispute.
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