Cognac Producers Seek EU Aid Amid Sales Decline from Trade Disputes
What happened
French Cognac producers are experiencing falling sales due to trade disputes involving China and the US. The industry, which exports 98% of its production outside the EU, has seen sales drop from 230 million to 140 million bottles since 2023. Producers are now seeking support from the European Commission.
From euronews.com
Why it matters
The sector is highly dependent on foreign markets, and the trade disputes have squeezed access to key markets. This situation occurs while European nations face risks related to heavy dependence on China.
European nations are facing unsustainable trade deficits and supply chain risks due to heavy dependence on China.
From euronews.com
Who's involved
- European CommissionIs being sought by producers for support from the European Union.
- ChinaIs involved in trade disputes that are reducing sales for European brandy.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ChinaSpeculative
China might see reduced export sales of European brandy due to the trade disputes and provisional duties.
Keep exploring
Part of
European nations are facing unsustainable trade deficits and supply chain risks due to heavy dependence on China.Also in this story
- Expert analysis warns about the strategic vulnerability of Europe due to its dependence on the Chinese battery supply chain and trade deficits.
- European nations, including Spain, are developing strategies to de-risk from China and counter trade deficits.
The entities involved
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European Commission
executive branch of the European Union
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Beijing
capital city of China