Hold onto your snifters, global trade watchers! China just dropped a five-year anti-dumping decision on EU brandy imports starting Saturday – a move that could shake up the global spirits market. 🚨
What’s the Buzz?
The Ministry of Commerce found EU brandy was being sold below fair value in China, threatening local producers. Final dumping margins range from 27.7% to 34.9% – that’s like paying extra for every sip of your favorite VSOP! 💸
Plot Twist: Some Get a Pass
EU companies playing by new price rules can avoid tariffs through accepted "price undertakings." Think of it as a trade truce for compliant brands. 🤝
Timeline Recap
🕰️ Jan 2024: Probe begins
📆 Aug 2024: Preliminary ruling drops
⏳ Oct 2024: Temporary measures start
The investigation focused on sub-200L container imports from Oct 2022-Sep 2023. While cognac lovers might feel the pinch, analysts say this could boost domestic brands like Zhangyu. 🥂
