💨 Abstract

The U.S.'s 20% tariffs on European goods, including cognac, are causing distress for France's $3 billion cognac industry, which was already struggling with decreased sales to China. U.S., the top cognac consumer, accounts for half of all bottles sold. Growers like Christophe Fillioux of Jean Fillioux cognac house are uprooting vineyards and seeking new markets to cope.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖