China will be imposing tariffs on European brandy imported into the country, taking effect Friday, October 11, with import taxes ranging anywhere between 30.6% to 39%. The Morning Brief's Seana Smith and Brad Smith take a closer look at this decision — noting it to be a retaliation by Chinese officials for Europe's EV tariffs — and how it seems to already be impacting shares of luxury French liquor makers LVMH (MC.PA) and Pernod Ricard (RI.PA).

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This post was written by Luke Carberry Mogan.