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China puts provisional tariffs on European brandy after EU okays duties on Chinese EVs
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FILE - Chinese EV manufacturer BYD unveils its electric car Seal at the Paris Car Show on Oct. 17, 2022, in Paris. - photo by AP Photo/Michel Euler, File
BEIJING (AP) — Chinese drinkers may pay more for Remy Martin and other European brandies after the government announced provisional tariffs of 30.6% to 39% on those liquors Tuesday, four days after a majority of European Union countries approved duties on electric vehicles made in China. The tit-for-tat move potentially gives Chinese negotiators leverage in talks with the EU on reducing or eliminating the tariffs of up to 35.3% on Chinese EVs, which would take effect at the end of this month. The brandy tariffs are provisional and require importers to make a deposit with the Chinese customs agency for the amount of the tariff, starting Friday.