Trade dispute: China imposes tariffs on French brandy

The agency had previously investigated whether price dumping of European brandy was occurring—that is, whether the beverages were being sold at lower than market prices in order to gain a competitive advantage. The Ministry of Commerce concluded that dumping was occurring and that the domestic industry was at risk of "significant harm." The measures will initially apply for five years.

Who the tariffs affect

The trade constraint affects more than 60 companies, according to a list from the Department of Commerce. However, 34 of these companies qualify for exemptions under price commitments, according to a further statement.