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Associated Press
11 minutes ago
- Associated Press
China imposes anti-dumping duties on European brandy as trade tensions rise
BEIJING (AP) — 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. The tariffs, effective on Saturday, will range from 27.7% to 34.9%, China's Commerce Ministry said. They are to be in place for five years and will not be applied retroactively. The announcement came during a European visit by Chinese Foreign Minister Wang Yi aimed at ironing out trade differences. Wang was set to visit Paris after stops in Brussels and Berlin. The anti-dumping duties are the result of a probe China launched last year into European cognac, after the European Union undertook a probe into Chinese electric vehicles subsidies. 'The investigative authority finally ruled that the dumping of related imported brandy from the EU has existed,' read a statement by China's Commerce Ministry. 'The domestic brandy industry faces a material threat of damage, and there is a causal relationship between the dumping and the substantial damage threat.' Besides cognac, China has also launched investigations into European pork and dairy products. The brandy probe was the first and targeted mainly French makers of cognac and similar spirits such as Armagnac. China initially announced provisional tariffs of 30.6% to 39% on French cognac producer Remy Martin and other European brandies after a majority of E.U. countries approved duties on electric vehicles made in China. Wang was set to meet his French counterpart, Jean-Noël Barrot, later Friday in Paris. His European tour comes ahead of a China-EU summit to be focused on trade later this month in Beijing.
Yahoo
14 minutes ago
- Yahoo
China to require EU brandy exporters to raise prices or face tariffs
China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Almost all EU brandy is cognac produced in France, exports of which to China are worth 1.4 billion euros ($1.6 billion) per year. Beijing launched an investigation last year into EU brandy, months after the bloc undertook a probe into Chinese electric vehicle (EV) subsidies. It said it had determined in a preliminary ruling that dumping had occurred and imposed "temporary anti-dumping measures" on imports of the alcoholic beverage -- moves now costing the industry 50 million euros per month. Beijing's commerce ministry said on Friday that China's tariff commission had "decided to impose anti-dumping duties on imports of relevant brandy originating in the EU" from Saturday. But Beijing said in an explanatory note that several major French cognac producers had signed onto a price commitment to avoid the tariffs -- as long as they sell at or above an agreed minimum price. French liquor giant Jas Hennessy would be hit with levies of 34.9 percent if it reneges on the deal, it said. Remy Martin will be hit with 34.3 percent and Martell 27.7 percent. "The decision to accept the price commitment once again demonstrates China's sincerity in resolving trade frictions through dialogue and consultation," a commerce ministry spokesperson said in a statement. China has sought to improve relations with the European Union as a counterweight to superpower rival the United States. But deep frictions remain over economics -- including a yawning trade deficit of $357.1 billion between China and the EU, as well as Beijing's close ties with Russia despite Moscow's war in Ukraine. The new levy threats come as Chinese top diplomat Wang Yi has held fraught meetings with his counterparts during a tour of Europe this week. They will likely be high on the agenda when he meets French President Emmanuel Macron and Foreign Minister Jean-Noel Barrot on Friday afternoon in Paris. - Bitter taste - A trade row between Beijing and the bloc erupted last summer when the EU moved towards imposing hefty tariffs on electric vehicles imported from China, arguing that Beijing's subsidies were unfairly undercutting European competitors. Beijing denied that claim and announced what were widely seen as retaliatory probes into imported European pork, brandy and dairy products. The bloc imposed extra import taxes of up to 35 percent on Chinese EV imports in October. Beijing later lodged a complaint with the World Trade Organization, which said in April that it would set up an expert panel to assess the EU's decision. China and the EU are scheduled to hold a summit this month to mark the 50th anniversary of the establishment of diplomatic ties. Bloomberg News reported on Friday, citing unnamed sources, that Beijing intends to cancel the second day of the summit. mjw-oho/dhw
Yahoo
16 minutes ago
- Yahoo
Top Global Dividend Stocks To Consider In July 2025
As global markets continue to navigate a complex landscape, marked by record highs in major U.S. indices and resilient job growth, investors are increasingly turning their attention to dividend stocks as a potential source of stability and income. In such an environment, stocks that offer consistent dividends can be appealing for those looking to balance growth with income generation amidst fluctuating economic indicators. Name Dividend Yield Dividend Rating Soliton Systems K.K (TSE:3040) 4.04% ★★★★★★ Nissan Chemical (TSE:4021) 4.08% ★★★★★★ NCD (TSE:4783) 4.22% ★★★★★★ Japan Excellent (TSE:8987) 4.30% ★★★★★★ DoshishaLtd (TSE:7483) 4.05% ★★★★★★ Daito Trust ConstructionLtd (TSE:1878) 4.39% ★★★★★★ Daicel (TSE:4202) 4.94% ★★★★★★ CAC Holdings (TSE:4725) 5.12% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.70% ★★★★★★ Allianz (XTRA:ALV) 4.48% ★★★★★★ Click here to see the full list of 1542 stocks from our Top Global Dividend Stocks screener. Let's explore several standout options from the results in the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Samyang Corporation operates in the chemicals and food industries across Korea, China, Japan, the rest of Asia, Europe, and internationally with a market cap of ₩540.68 billion. Operations: Samyang Corporation's revenue is primarily derived from its operations in the chemicals and food sectors across various international markets, including Korea, China, Japan, the rest of Asia, and Europe. Dividend Yield: 3.2% Samyang's dividend payments are well-supported by both earnings and cash flows, with a low payout ratio of 15.8% and a cash payout ratio of 20.2%. However, the dividend yield at 3.16% is below the top quartile in the KR market, and its track record has been unstable over the past decade despite some growth. The stock appears undervalued with a price-to-earnings ratio of 5x compared to the market average of 13.2x. Click here to discover the nuances of Samyang with our detailed analytical dividend report. Our expertly prepared valuation report Samyang implies its share price may be too high. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Kurimoto, Ltd. manufactures and sells ductile iron pipes, valves, industrial equipment and construction materials both in Japan and internationally, with a market cap of ¥72.88 billion. Operations: Kurimoto, Ltd.'s revenue segments include the production and sale of ductile iron pipes and accessories, valves, industrial equipment and materials, as well as construction materials. Dividend Yield: 4.5% Kurimoto Ltd.'s dividend yield of 4.46% ranks in the top quartile of the JP market, yet it faces sustainability issues as dividends are not covered by free cash flows despite a low payout ratio of 48.1%. Recent guidance indicates a decrease in year-end dividends to ¥144 per share for March 2026 from ¥181 previously. The stock trades at a relatively low price-to-earnings ratio of 11.3x compared to the market average, suggesting potential value. Take a closer look at KurimotoLtd's potential here in our dividend report. Our valuation report unveils the possibility KurimotoLtd's shares may be trading at a premium. Simply Wall St Dividend Rating: ★★★★★☆ Overview: TOMONY Holdings, Inc. operates through its subsidiaries to offer a range of banking and financial products and services, with a market cap of approximately ¥107.35 billion. Operations: TOMONY Holdings, Inc. generates revenue primarily from its banking segment, which amounts to ¥87.65 billion. Dividend Yield: 4.5% TOMONY Holdings offers an attractive dividend yield of 4.47%, placing it in the top 25% of JP market payers. The company's dividends have shown consistent growth and stability over the past decade, with a recent increase to ¥9.50 per share for March 2025 and expected further increases. With a low payout ratio of 20%, dividends are well covered by earnings, although future coverage remains uncertain due to insufficient data on long-term sustainability. Click to explore a detailed breakdown of our findings in TOMONY Holdings' dividend report. The valuation report we've compiled suggests that TOMONY Holdings' current price could be quite moderate. Gain an insight into the universe of 1542 Top Global Dividend Stocks by clicking here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A145990 TSE:5602 and TSE:8600. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
