French cognac industry group calls for de-escalation of US, EU trade dispute

Reuters

Thu, Apr 3, 2025, 6:38 AM 1 min read

PARIS (Reuters) -The European Union and the United States request to de-escalate their commercialized quality and vino and spirits should beryllium near untouched by some sides, said Florent Morillon, the president of the National Interprofessional Office of Cognac (BNIC), the cognac industry's lobby group.

"We volition precise intelligibly suffer marketplace share," helium said successful an interrogation with Reuters. "For our portion and our full economy, it is simply a acold shower."

U.S. President Donald Trump imposed connected Wednesday sweeping tariffs connected imports, including 20% connected products from the European Union.

The cognac manufacture has separately besides faced unit from China, which imposed impermanent tariffs connected shipments of the tone successful October amid a quality with the European Union implicit electrical vehicles. The United States and China are the cognac industry's astir important export markets.

Last month, Trump threatened to enforce a 200% tariff connected wine, cognac and different intoxicant imports from Europe successful effect to a European Union program to enforce tariffs connected American whiskey and different products. The EU program was itself a absorption to Trump's 25% tariffs connected alloy and aluminium imports.

Asked astir the hazard of further U.S. tariffs connected cognac, Morillon said the radical was nether the content that discussions were connected way to debar that scenario, but that it needed to stay prudent.

(Reporting by Tassilo Hummel; Editing by Makini Brice)