French cognac producers offer China minimum import prices to fend off tariffs

News Snapshot:

China has imposed provisional tariffs of up to 39% on cognac imports. THE CANADIAN PRESS/Chris Young PARIS and LONDON — Negotiators representing French cognac producers suggested minimum prices for exports to China of between US$20 and around $300 per liter as an opening bid in talks aimed at ending a tariff stand-off with China, a document seen by Reuters shows. The minimum prices are part of efforts to avoid permanent tariffs of up to 39 per cent amid tense negotiations with China’s commerce ministry, which has opened an anti-dumping investigation focused on the sector. They were sent to producers several...