Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 6, 2025

Featured image for article about Finance

PARIS (Reuters) - French President Emmanuel Macron said on Monday that new Prime Minister Francois Bayrou will travel to China to try to make progress on a trade dispute that threatens cognac sales.

Macron, who was speaking at an annual conference to French ambassadors, did not say when the trip would take place.

The European Union imposed duties on Chinese electric vehicles of up to 45% in October. Beijing returned fire days later with tariffs on brandy imports, which many saw as targeting France, a leading supporter of the Chinese EV tariffs.

Beijing has notably required importers of EU brandy to pay deposits ranging from 30% to 40%, hitting French companies including Hennessy, Pernod Ricard and Remy Cointreau.

Former French Prime Minister Michel Barnier had been expected to travel to China early this year to make progress on the dispute but his government fell in December after it failed to find enough support for a budget aimed at taming a wide deficit.

(Reporting by John Irish; Writing by Makini Brice; Editing by GV De Clercq and Louise Heavens)

Recommended for you

  • Thumbnail for recommended article

  • Thumbnail for recommended article

  • Thumbnail for recommended article

;