Champagne producers in northeastern France need to find new markets after U.S. President Donald Trump threatened 30% tariffs on EU exports, the chairman of a French industry group said. While the tariffs could also hit industry jobs, climate change also looms large over producers.
Breakdown
- US tariffs of 30% threaten the French champagne industry and could raise consumer prices.
- The US is the largest market for champagne, accounting for up to 30 million bottles annually. 24s
- Industry leaders say finding new markets to replace US sales is difficult due to longstanding commercial ties. 35s
- Climate change is also a major concern for producers, impacting finances and market stability. 1m 7s
- Boutique producers may benefit from the situation, but overall champagne exports fell over 10% last year. 1m 32s