When it seemed that calm was gradually returning to the waters of international trade … China arrives and attacks the heart of Europe directly. Beijing announced the introduction of anti -kaki -libs of tariffs for European brandy for five yearsAn increase in diplomatic and commercial tension between both partners. Two regions that are noticeable exporters (they have large excesses on the current account and commercial), and which must cooperate the side on the side, before the wave protectionist managed by Donald Trump will also encounter tariffs based on tariffs in an increasingly fragmented and convulsive world.
Tariffs that They vary from 27.3% to 34.9%, will be imposed on European deliveries of Brandy from July 5With the exceptions for some products that correspond to price liabilities adopted by some industrial associations and companies in the block, according to the statement of the Ministry of Trade collected by Bloomberg.
According to the ministry, thirty people from the EU can choose exemption from tariffs if they fulfill obligations at a price. This measure can still aggravate the difficulties of cognac manufacturers, the supply of which to China collapsed after Beijing inserted preliminary tariffs last year.
This protectionist measure against Brandy EU enters after the decision of the European bloc to enter tariffs up to 45% on electric vehicles made in China. China twice postponed the completion of Coñac studies, while both sides tried to solve the dispute about alcohol and electric cars, among other problems.
The Minister of Trade of China Van Vangoo discussed both issues with the EU Commission for his visit to France in June, while Foreign Minister Van Yi is currently in Europe. Nevertheless, the tension seemed aggravated, and China is inclined to abolish part of a two -day summit with the leaders of the European Union, planned by the end of this month, Bloomberg News said on Friday.
Strong falls in the stock market
Knowing the news, European alcoholic giants, in particular the French, fall apart. Pernod ricard sinks 3.3% While Remi Coinreu makes 4.5%. For its part, LVMH gives 1.2% (they have champagne, such as Moet and Dom Perignon, wine and perfumes, such as Cognac Hennesy and all kinds of drinks such as Beautiful or Ardbeg).
This resolution is a serious warning for other European sectors that breathed quietly with China, given the idea that rivalry with Trump has completely changed its reality. This is a case of pig products that the Chinese authorities continue to explore in the process, which was extended until December 16, 2025, where the final decision will be made. Spain is especially susceptible to thisBeing the main supplier of China and the largest exporter of pork on the planet (in value, and not in volume) and this creature, namely its main market.
On the other hand, China is conducting another open investigation in European dairy products for subsidies of eight member states, which, according to arguments, would allow them to fight for prices below the market. These assistance programs belong to Austria, Belgium, Croatia, Finland, Ireland, Italy, the Czech Republic and Romania. Theoretically, it was supposed to be completed within a few weeks, because the terms amounted to 12 months from the date of the beginning of the process, that is, in August 2025. However, there is always a variant of delay, as in the case of a pig.
Finally, there is an investigation against large vehicles. The process that opened in October 2024. If the pig posed a threat to Spain and milk and brandy in France, and the latter seeks to attack Germany and its huge automotive empire. The export of a German country to an Asian woman of this type of vehicles exceeds 1000 million euros.
These four studies were launched in the context of the maximum tension between Europe and China to investigate the Asian electric car. In the same July 2024, the EU introduced 10% of the tariff base for Chinese EV companies, with very differentiated cases With 38% for SAIC, 17% for BYD and 20% for GeelySince then, Beijing himself admitted the field that he has been connecting all other investigations with an agreement for electric vehicles.
At least this was recognized by Reuters last week in a conversation attributed to the high anonymous position of the French government. According to this, they would speak with Beijing, connecting the favorable resolution of the Branfy and Congac case with a reduction in electric vehicles. According to Eliseo at the moment, he refused, but believed that before the official introduction of tariffs there would be an official agreement, which was not reached.
