Cognac Industry Faces Tariff Turmoil Amid EU-China Trade Tensions

France's BNIC, the body representing Cognac producers, reacts to China's new duties on its products. These measures are seen as retaliation to the EU's tariffs on Chinese electric vehicles. Brands like Hennessy and Remy Martin are affected, prompting calls for protective measures from authorities.

The BNIC, representing France's Cognac producers, has expressed concern over China's recent decision to impose duties on its imports. This move by China is seen as a countermeasure to the European Union's plans to enforce tariffs on Chinese electric vehicles.

A BNIC spokesperson, speaking to Reuters, emphasized the need for urgent action to prevent the implementation of these duties, which could have a significant impact on renowned brands such as Hennessy and Remy Martin.

China's imposition of anti-dumping measures on brandy imports from the EU reflects the escalating trade tensions following the EU's stance on Chinese EVs, putting the spotlight on an industry already facing global challenges.

(With inputs from agencies.)