Major Cognac companies made concessions to avoid the worst of the penalties, imposed by Beijing in retaliation for E.U. tariffs on Chinese electric vehicles.

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,

China spared major cognac producers Pernod Ricard, LVMH and Remy Cointreau from hefty duties on EU brandy on Friday, a rare bright spot at a time of trade tensions between Brussels and Beijing as the two sides row over tariffs on Chinese-made EVs.

The Chinese aircraft carrier Shandong has sailed into harbor on a port call as part of a drive to drum up patriotism and pride in China’s military advancements

The five-day visit, coming soon after Hong Kong marked the 28th anniversary of its return from British to Chinese rule, is one of the biggest shows of Chinese military force in Hong Kong in recent years.

At the heart of Trump’s latest trade deal with Vietnam and talks with other trading partners is an effort to counter what he sees as China’s unfair practices to circumvent U.S. tariffs.

New deal includes steep tariffs on “transshipped” goods from countries like China that route through Vietnam. President Donald Trump was going to notch 90 trade deals in 90 days. Easy. Art of the deal.