China starts investigation into EU liquor after bloc’s EV probe

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Shares in Jameson owner Pernod Ricard fell sharply after the Chinese probe was announced. Photograph: Aidan Crawley/Bloomberg China is launching an anti-dumping investigation into liquor products like brandy from the European Union, its Ministry of Commerce said Friday, as trade tensions between Beijing and Brussels intensify. The investigation will focus on brandy products that come in smaller than 200 litre containers from the EU, the statement said, without specifying any companies, and is being launched because of an application from a domestic liquor association. Shares in drinks giants Diageo, Pernod Ricard and Remy Cointreau all fell sharply after the announcement....