French cognac producers have negotiated a provisional agreement with the Chinese authorities to set minimum import prices, crucial in the context of declining sales in China. The deal, which includes different prices for different categories of cognac, is conditional on progress in talks on EU tariffs on Chinese electric vehicles. In the absence of an agreement by July 5, temporary tariffs could become permanent. Manufacturers see themselves as collateral victims of the EU-China trade conflict, and their shares have fallen sharply as a result.
Sources
Producătorii francezi de coniac au ajuns la un acord provizoriu cu China privind preţurile minime de import
Coniac contra mașini electrice. Producătorii francezi de coniac au ajuns la un acord provizoriu cu China privind preţurile minime de import; înțelegerea depinde de conflictul privind tarifele UE pe vehicule electrice
Producătorii francezi de coniac au ajuns la un acord provizoriu cu China privind preţurile minime de import; finalizarea depinde de conflictul privind tarifele UE pe vehicule electrice
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