China to require EU brandy exporters to raise prices or face tariffs

News Snapshot:

China to require EU brandy exporters to raise prices or face tariffs Almost all EU brandy is cognac produced in France, exports of which are worth 1.4 billion euros ($1.6 billion) per year (GEORGES GOBET) (GEORGES GOBET/AFP/AFP) China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Almost all EU brandy is cognac produced in France, exports of which to China are worth 1.4 billion euros ($1.6 billion) per year. Beijing launched an investigation last year into EU...