China issues final ruling on EU brandy probe, to impose duties up to 34.9%

  • As announced by the Chinese commerce ministry

China is playing hardball here as they are not going to endorse the reported tentative deal with French cognac makers from last week. For some background: China reportedly seeks to tie French cognac deal with EV tariff talks

The duties will be implemented for a period of five years starting from 5 July. However, there will be some exceptions. It is unclear but China is saying that there will be no duties for "some imports complying with agreed terms". I reckon that should be interpreted as until the EU does something about EV tariffs against China.

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