From Yahoo Finance: 2025-06-12 07:41:00

French cognac producers have suggested minimum export prices to China, ranging from $20 to $300 per liter, in talks to end a tariff stand-off. Negotiations are tense, with China threatening tariffs of up to 39%. The industry is also facing tariff threats from the US. Talks are ongoing to resolve the trade spat.

The minimum prices were proposed to avoid permanent tariffs and were sent to producers for approval. The industry is hoping for a settlement with China before the July 5 deadline for Beijing to wrap up its anti-dumping probe. The price list includes different bands of cognac based on aging, with prices ranging from $20 to over $296 per liter.

Chinese authorities announced that the industry made a voluntary “price pledge” and are reviewing terms. The offer includes minimum import prices for various types of cognac, with prices varying based on aging. Producers in France are hopeful for a positive outcome, as China is a crucial export market for the $3 billion cognac industry.

Current import prices for cognac in China are unclear, with Hennessy’s VS cognac selling for around $100 per liter. Talks between negotiators representing French cognac producers and Chinese authorities are ongoing. The industry is eager to reach an agreement that would remove tariffs and boost growth prospects impacted by the trade dispute.



Read more at Yahoo Finance: Exclusive-French cognac makers offer China minimum import prices to fend off tariffs