Home > French wine and cognac producers hit by new US taxes

French wine and cognac producers hit by new US taxes


"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

To customise your video :

Or Create an account

More videos on the subject

  • New year, new tariffs: French wine & cognac hit by new US trade tax

    In another blow to French wine producers, the United States has expanded the list of products it's hitting with tariffs to include all French and German wines – except for champagne – as well as cognacs. It's part of a long-running dispute between the European Union and the US over subsidies to planemakers. We speak to French winemaker Bérénice Lurton, the owner of Chateau Climens in the Bordeaux region.

    15/01/2021 - France 24 EN
  • French wine exports hit record high as economy recovers, trade tensions ease

    Exports of French wine and spirits jumped to a record high of €15.5 billion in 2021, boosted by the global economic recovery and the lifting of trade tariffs by the United States. Sales of champagne soared by 42 percent, according to the association representing French wine and spirit exporters. Also today, Airbnb says it expects bookings to return to pre-pandemic levels by the end of March this year, as the rental platform reports record revenues for 2021.

    16/02/2022 - France 24 EN
  • French wine producers aim to grow sales with Paris event

    Paris is holding its first international wine fair, an event for industry professionals aimed at showcasing French wine producers. Also today, we look at the economic context of that tentative agreement to avoid another US government shutdown.

    12/02/2019 - France 24 EN
  • Beaujolais Nouveau 2022: Famous popular French red wine of the year unveiled

    "Getting better every year", "very festive", "a magnificent job": After a year marked by climatic hazards which affected the production, the Beaujolais Nouveau is back on the tables, an event celebrated in the main strongholds of the region. The traditional Beaujolais Nouveau Day is celebrated across France every year on the third Thursday of November. FRANCE 24's International Affairs Editor Angela Diffley tells us more.

    17/11/2022 - France 24 EN

More videosBusiness