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French wine and cognac producers hit by new US taxes

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"The United States is an absolutely strategic market for all the producers of French wine and spirits" explains Raphaël Delpech, the BNIC's general manager. The industry estimates the impact of the new 25% American tax on spirits in France will cost around one billion euros. Among the sectors that have been badly affected: Cognac, which is highly dependent on exports to the United States.

Added on the 15/01/2021 22:04:00 - Copyright : AFP EN

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