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China spared major cognac producers Pernod Ricard, LVMH and Remy Cointreau from hefty duties on EU brandy on Friday, a rare ...

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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.

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BEIJING — 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.