Remy Cointreau, Pernod Ricard shares fall as China imposes tariffs on EU brandy By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
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Source: Investing.com
Impact of China's Anti-Dumping Measures: Shares of French spirits companies Remy Cointreau and Pernod Ricard fell significantly after China announced temporary anti-dumping measures on European brandy imports, requiring security deposits of up to 39% due to concerns over below-market pricing.
Broader Trade Tensions: The measures are a response to the EU's recent tariffs on Chinese electric vehicles, with ongoing investigations into other EU products like pork and potential tariffs on large-engine vehicles, indicating escalating trade tensions between China and the EU.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
