French PM Bayrou will go to China to hunt progress on cognac commerce dispute, Macron says

By
Reuters

Printed

January 7, 2025

French President Emmanuel Macron stated on Monday that new Prime Minister Francois Bayrou will journey to China to attempt to make progress on a commerce dispute that threatens cognac gross sales.

Reuters

Macron, who was talking at an annual convention to French ambassadors, didn’t say when the journey would happen.The European Union imposed duties on Chinese language electrical autos of as much as 45% in October. Beijing returned fireplace days later with tariffs on brandy imports, which many noticed as focusing on France, a number one supporter of the Chinese language EV tariffs.

Beijing has notably required importers of EU brandy to pay deposits starting from 30% to 40%, hitting French corporations together with Hennessy, Pernod Ricard and Remy Cointreau.

Former French Prime Minister Michel Barnier had been anticipated to journey to China early this 12 months to make progress on the dispute however his authorities fell in December after it failed to seek out sufficient assist for a funds geared toward taming a large deficit.