Cognac and Champagne Makers Seek to Boost US Exports to Avoid Tariff Risks
- Hennessy, Moët & Chandon are braced for potential new tariffs
- Alcoholic drinks are non-perishable and can be shipped early
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Producers of Cognac and Champagne are seeking to ship more bottles to the US as they brace for potential extra tariffs under President-elect Donald Trump.
LVMH’s Cognac brand Hennessy has increased consignments to the US following Trump’s victory last month, while its label Moët & Chandon is among the Champagne makers that intend to do the same, according to people familiar with the drinks industry, who asked not to be named discussing private business decisions.