Chinese drinkers may pay more for Remy Martin and other European brandies after the government announced provisional tariffs of 30.6% to 39% on Tuesday.
Read full article: Highs challenge records through Wednesday, but mornings trend cooler in San Antonio
SAISD held a town hall for neighbors to express support or concerns about a potential sale of the district’s property on Camaron StreetUTSA police investigates alleged sexual assault incident at on-campus apartment complexTake a look at some of the discounts on items that will be super helpful around the house and with your beauty routine.FILE - Chinese EV manufacturer BYD unveils its electric car Seal at the Paris Car Show on Oct. 17, 2022, in Paris.
The announcement followed a preliminary finding by China's Commerce Ministry in late August that European brandy was being dumped in China, threatening “substantial damage” to domestic producers.The brandy probe mainly targeted French makers of Cognac and similar spirits such as Armagnac. France has supported the investigation into Chinese-made EVs, while Germany, whose automakers fear retaliation in the Chinese market, has opposed it.
The provisional tariffs vary by brand, similar to the EU duties on electric cars made in China. For example, Martell products face a 30.6% tariff versus 38.1% for Remy Martin and 39% for Hennessey. The tariffs are being imposed on dozens of companies, including some Spanish makers.Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese EVs Can Undercut American EVs Even With TariffsChina's grip on the electric vehicle supply chain is so strong that despite U.S. tariffs, some models can still undercut American rivals.
Read more »
European Commission approves tariffs on Chinese EVsCharges of up to 45% will be applied to Chinese electric cars for the next five years
Read more »
European Autos Challenged By EVs, China, Weak Sales, Profit WarningsEurope's auto makers face challenges as electric cars stall, overall sales weaken, profits fall, plant closures loom, and challenges mount from China’s cheaper EVs.
Read more »
Battery EVs vs fuel-cell EVs: Could hydrogen power your next car?While battery EVs have a huge lead, there are still plenty of proponents of hydrogen EVs, or fuel-cell EVs. Could FCEVs actually take over? Well, probably not.
Read more »
New EV Supply Is Not Keeping Up With EV Demand: ReportThe supply of new EVs outnumbers used EVs at a 3 to 1 ratio.
Read more »
European Demand That EVs Win Looks Fragile As Sales PlateauNeil Winton has covered the European Auto industry in general and electric cars in particular for Forbes for 11 years. He is based in the U.K. and publishes WintonsWorld.com. Winton was a reporter and editor at Reuters for 33 years. His Reuters assignments included New York and Brussels.
Read more »