China imposes provisional tariffs on European brandy in tit-for-tat move

Chinese drinkers may pay more for European brandies after the government announced provisional tariffs of 30.6% to 39% four days after a majority of EU countries approved duties on electric vehicles made in China (Chinatopix/AP)

Chinese drinkers may pay more for Remy Martin and other European brandies after the government announced provisional tariffs of 30.6% to 39%, four days after a majority of European Union countries approved duties on electric vehicles made in China.

Tuesday’s tit-for-tat move potentially gives Chinese negotiators 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.