Reported about 1 month ago
Shares of major European spirits manufacturers, including Remy Cointreau and Pernod Ricard, saw significant gains after China's commerce ministry announced it will not impose provisional anti-dumping measures on EU-imported brandy for the time being. This decision came amidst the backdrop of ongoing trade tensions between the EU and China, following the EU's tariffs on Chinese electric vehicle imports. Market analysts view this move as a potential negotiation tactic by China, reflecting the complex interactions between these trading partners.
Source: YAHOO