Chinese tariffs on European brandy, including cognac, could potentially lead to an oversupply of brandy in the market. The European Union and China have been engaged in a trade dispute, resulting in China imposing tariffs on European brandy imports, such as cognac.
These tariffs have made European brandy more expensive for Chinese consumers, leading to a decrease in demand for these products. As a result, European brandy producers are facing the challenge of excess inventory due to the reduced export opportunities to China.
