China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH

Reuters - 06/07
China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH said on Saturday.
AIX-EN-PROVENCE, France, July 6 (Reuters) - China's anti-dumping probe into Europe's cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH (LVMH.PA)New Tab, opens new tab said on Saturday.
China announced plans on Friday for a hearing on European brandy imports, ramping up tension on the same day the European Commission's provisional tariffs on Chinese-made electric vehicles took effect.
"You can be a regional player with a very particular role in globalisation, as in our case, and regardless find yourself hostage to a number of conflicts that have nothing to do with your activities," said Jean-Jacques Guiony, chief financial officer of the l...
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