Trump's Tariffs Impact Cognac Industry

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largest cognac maker

Reuters

•

World

France's cognac makers, buffeted by trade wars, reel from Trump's tariffs

Summary

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78% Informative

U.S. President Donald Trump 's decision to slap 20% tariffs on all European goods is deepening the pain for France 's $3 billion cognac industry.

China , the world's second -largest market by volume, has seen cognac sales to China drop by more than half .

Cognac industry has always been reliant on international trade, says Bordeaux University professor.

Cognac 's sales to the U.S. were faltering due to aggressive price hikes in recent years affecting middle-class consumers.

Industry president Morillon predicted cognac would lose market share in the U., and producers would be unable to pass on the full cost of tariffs to consumers there.

Fourth -generation grower Pascale Dupuy , 67 , said he would likely distill less this season , and sell more grapes to bulk buyers.

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Informative language

Neutral language

Article tone

semi-formal

Language

English

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not offensive

Hate speech