Florent Morillon, the president of the National Interprofessional Office of Cognac (BNIC), expressed concern about the ongoing trade dispute between the European Union and the United States. He emphasized the importance of keeping wine and spirits out of the conflict to avoid negative impacts on market share and the economy. The recent imposition of tariffs by US President Donald Trump on EU imports, including a 20% tax, has added to the pressure felt by the cognac industry. In addition, challenges from China, which levied temporary tariffs on cognac shipments, have further complicated the situation as both China and the US are significant export markets for the industry.
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