China puts provisional tariffs on European brandy after EU OKs duties on Chinese EVs

Associated Press

BEIJING (AP) — Chinese drinkers may pay more for Remy Martin and other European brandies after the government announced provisional tariffs of 30.6% to 39%. Tuesday’s announcement comes four days after a majority of European Union countries approved duties on electric vehicles made in China. The tit-for-tat move could give Chinese negotiators more leverage in talks with the EU on reducing or eliminating the tariffs of up to 35.3% on Chinese EVs, which would take effect at the end of this month. The brandy tariffs are provisional and require importers to make a deposit with the Chinese customs agency for the amount of the tariff, starting Friday. The EU vowed to challenge the move at the World Trade Organization.