French Wine & Spirit Exports Plummet 19.5% in China, 21% in US in 2025
Trade wars and tariffs are decimating a €14.3 billion luxury export industry.
Deep Dive
French wine and spirit exports suffered their worst year since 2020, with total value falling 7.9% to €14.3 billion. Exports to China and the US—two of its largest markets—plunged by 19.5% and 21.2% respectively in 2025. The collapse is attributed to retaliatory tariffs, including a 15% US duty on French alcohol and Beijing's response to EU tariffs on Chinese EVs, with cognac exports down nearly 24%.
Why It Matters
This signals how geopolitical trade conflicts are directly crippling major global luxury goods markets and supply chains.