China Extends Anti-Dumping Probe on EU Brandy Amid Trade Tensions

News Snapshot:

China announced an extension of its anti-dumping investigation into EU brandy exports, primarily impacting French cognac suppliers, by three months. The move gives these exporters additional time to avoid facing steep Chinese penalties. Initially expected to conclude in April 2025, the probe will now end on July 5. The decision follows a meeting between French Foreign Minister Jean-Noel Barrot and Chinese officials, during which they discussed deeper bilateral cooperation amidst rising trade tensions marked by U.S. President Trump threatening tariffs on partners, including China. France, a significant exporter of brandy to China, faces challenges following Beijing's temporary measures last year...