French drink manufacturers face potential losses due to China's new trade duties on EU brandy exports, which could reach 34.9% for five years starting July 5. The duties follow an investigation by China's Ministry of Commerce, which found that EU brandy imports threatened its domestic industry. Major cognac producers like Pernod Ricard and Remy Cointreau are exempt from these duties. The trade group spiritsEUROPE expressed regret over the decision, citing it as a significant barrier to trade. The news negatively impacted share prices of French spirits companies. Teljes cikk (Euronews.com)