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Don’t give us collateral damage in the EU-China trade conflict – POLITICO

As the European Commission prepares to impose tariffs on imports of Chinese electric vehicles, the BNIC – whose members employ 70,000 people and represent almost 4 billion euros in export sales – fears that this decision only aggravates latent trade tensions with Beijing.

In response to the Paris-backed investigation into state subsidies for Chinese electric vehicles, Beijing retaliated in January with its own investigation into European wine-based liqueurs. This decision clearly targeted French luxury cognac brands, which represent 99% of Chinese imports of these liqueurs.

During a visit to France earlier this month, Chinese President Xi Jinping pledged not to impose tariffs – at least not until the investigation launched by Beijing is finally concluded. Claiming victory, his host, President Emmanuel Macron, gave Xi several bottles of France’s finest cognacs as a peace offering.

“Unfortunately, we are not at all reassured by the statements made after the meeting between the two presidents. Not at all,” added Delpech.

“Our fear is that the investigation will now be closed for political reasons, without our demonstration being over, and that definitive obligations will be applied to us.”

China is the second largest export market for the French cognac industry, after the United States, with 61.5 million bottles sold in 2023, according to figures provided by the BNIC.

Politico

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe. Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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