Reported about 20 hours ago
France's cognac producers are facing severe challenges due to U.S. tariffs imposed by President Trump, which have exacerbated existing trade tensions and caused a significant decline in sales, particularly to China and the United States. Many vineyards are being uprooted as producers like Christophe Fillioux struggle to navigate the financial crisis stemming from these tariffs, with cognac sales down and plans to cut production further in response to a deteriorating economic environment. The industry's reliance on exports and evolving consumer preferences only add to the challenges, leading to fears that this historic sector may be facing a tumultuous downturn.
Source: YAHOO