What does this mean for Cognac? As you know Cognac is made from french grapes.
The price of European wines could bubble up. US trade officials said they would be raising tariffs on certain European Union products, including non-sparkling vino, cognacs, and other brandies from France and Germany. The duties increase is part of a long-running dispute between the US and EU over subsidies involving European aircraft company Airbus SE and its American-based rival Boeing Co.
Although they haven't said the value or timing of the additional tariffs, it could happen as soon as Spring, in my opinion. If you are a Brandy/Cognac fan, I recommend grabbing an extra bottle or two before the possible 20-25% (in my estimate) price increase. That might not seem like much on a $40 bottle, but it can be substantial on a $100 - $3500 bottle.
What still astounds and frustrates me is that the products being impacted, and the industries have nothing to do with Airbus or Boeing. They need to get to the table and hash this out instead of jeopardizing other industries and small businesses.