BEIJING - The Chinese investigation which led to hefty preliminary import tariffs on French-made cognac and armagnac will conclude later than initially planned, France's foreign minister said during a trip to the country.
"Following this visit, I received confirmation that the investigation has been postponed by three months, which rules out the scenario of a sudden application of definitive law to this sector," Jean-Noel Barrot told journalists.
China imposed temporary anti-dumping measures on imports of brandy from the EU after the 27-state bloc voted for tariffs on Chinese-made electric vehicles (EVs), heavily hitting sales of cognac, a high-end brandy produced in western France.
The step heavily impacted the French cognac industry at a time when it is also grappling with similar trade tensions with the United States. China and the United States are the cognac industry's most important export markets. REUTERS
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