French President Emmanuel Macron (R) shakes hands with Chinese President Xi Jinping after delivering a joint statement at the Elysee Palace, as part of the Chinese president's two-day state visit in France, in Paris on May 6, 2024.
The French president his Chinese counterpart for a state visit on May 6, 2024, seeking to persuade the Chinese leader to shift positions over Russia's invasion of Ukraine and also imbalances in global trade.
(Photo by Sarah Meyssonnier / POOL / AFP) (Photo by SARAH MEYSSONNIER/POOL/AFP via Getty Images)Shares of several French cognac makers rallied on Tuesday after France's President Emmanuel Macron suggested that trade tensions between China and the European Union, which could impact the drinks makers, may ease.
France's Macron on Monday addressed the ongoing trade dispute with Chinese President Xi Jinping and gifted him a top-range bottle of French cognac which reportedly retails at over $3,200.
"I thank the president for his open attitude regarding provisional measures on cognac and for his wish not to implement them," Macron said in a press conference on Monday.
Persons:
Emmanuel Macron, Xi Jinping, Sarah Meyssonnier, SARAH MEYSSONNIER, Pernod Ricard, Remy Cointreau, France's Macron, Macron
Organizations:
Getty, European Union
Locations:
France, Paris, Ukraine, China, Europe