France’s Foreign Minister to Visit China Amidst Trade Tensions
France’s foreign minister plans to visit China on March 27-28 to address trade tensions. BNIC head Florent Morillon highlighted that exports to China have decreased by 60% due to tariffs, urging for a resolution to the trade dispute.
The French foreign minister is scheduled to embark on a two-day visit to China on March 27 and 28. This announcement was made by Florent Morillon, the head of the cognac lobby group BNIC. During a recent news conference, Morillon urged the need to ease the ongoing trade tensions between the European Union and Beijing.
Morillon emphasized the negative impacts of the trade dispute, stating that the sector has been significantly affected, with exports destined for China plummeting by 60% in the recent four months due to tariffs imposed by China. He expressed concern that the cognac industry feels “hostage” to the conflict, underlining the urgent need for resolution and improvement in trade relations.
In summary, France’s foreign minister’s impending visit to China highlights the ongoing trade issues between the EU and China, particularly affecting the cognac industry. With exports drastically declining due to tariffs, there is a pressing call for dialogue and resolution to mitigate the negative impact on trade.
Original Source: www.tradingview.com
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