Cognac Reviews

USA And EU Lift Tariffs On Cognac

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Just like was done last week for single malt Scotch, tariffs have been agreed to be lifted by the USA and European Union [EU].

Like the suspensions of the tariffs on single malt, the tariffs – related to an elderly airline industry dispute involving Airbus and Boeing – will only be temporary while negotiations continue.

The 25% EU tariff on US rum, brandy and vodka has been suspended, as well as the 25% US tariff on liqueurs and cordials from Germany, Ireland, Italy and Spain, and certain cognacs and other grape brandies from France and Germany.

However, the EU and UK continue to impose a 25% tariff on American whiskey, which is due to double on 1 June 1, 2021.

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