China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise. Chinese authorities agreed to exempt some major cognac makers on condition they maintain their prices above minimum levels.

China imposed anti-dumping duties on European brandy for five years, while exempting major cognac makers that committed to keeping their prices above minimum levels.

Beijing decided to impose anti-dumping duties of up to 34.9% for the next five years starting on Saturday, following an investigation into brandy imported from Europe. View on euronews