If no agreement is struck by the 5 July deadline, China could permanently increase customs duties of up to 39% on European cognac imports. It's a major blow for French cognac makers, which have been suffering already, with China being the world's most valuable market for the spirit. Here's an indication of the struggle since last year:
It's all a game of tradeoff it would seem now.
This article was written by Justin Low at www.forexlive.com. Read More Details
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