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French Cognac Exports to China Slump Amid Trade Tensions

The complex landscape of international trade can be unpredictable, with tariffs and trade wars causing significant disruptions. The latest example is the decline in French cognac exports to China, which has taken a hit due to Beijing's temporary tariffs on EU brandy imports.

Impact on Exports A 24% Slump in Value

According to the Bureau National Interprofessionnel des Eaux-de-Vie de Cognac (BNIC), Chinese taxes imposed since October have already resulted in a significant 24% decline in cognac export value. The number of bottles sold to China dropped by 9.6%, leading to a loss of 23.8% in value.

Global Liquor Sector Tariffs Have Far-Reaching Consequences

The French cognac industry is not alone in feeling the effects of tariffs and trade tensions. The global liquor sector has seen a broader decline, with cognac exports falling by 10.6% in value to approximately €3 billion ($3.1 billion).

North America A Less Pronounced Decline

While the impact on China was substantial, the North American market experienced a less pronounced decline, with exports decreasing by 1.5% in value.

A History of Trade Tensions What's Next?

This is not the first time French wine and cognac exports have faced trade challenges. Recall the imposition of 25%-tariffs on European food products, including French wine, by US President Donald Trump.

As we navigate the complexities of international trade, adaptability and resilience are essential. We will continue to provide insights into the world of tariffs and trade wars.

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