LVMH(US:LVMUY) Huan Qiu Shi Bao·2025-07-17 22:37Group 1 - The upcoming threat of a 30% tariff on all EU goods by the US is causing significant pressure on EU member states, particularly France, which heavily relies on exports to the US in sectors like luxury goods, aerospace, and alcoholic beverages [1] - The French cognac industry is facing challenges after experiencing trade retaliation from China, with a minimum export price agreement reached for 34 European brandy producers, including LVMH and Rémy Cointreau [1][2] - France's exports of wine to the US are projected to reach €2.4 billion in 2024, while spirits exports are expected to be €1.5 billion, highlighting the critical dependence of the French wine and spirits industry on the US market [2] Group 2 - Since 2022, the global cognac industry has seen a nearly 40% decline in sales, exacerbated by a 10% tariff imposed by the US on European imports in April [3] - The chairman of LVMH has urged French lawmakers to recognize the economic reality and push for an agreement with the US, warning of potential job losses in the cognac-producing region of Charente, which employs around 80,000 people [3] - The French wine industry is actively seeking to diversify its markets to mitigate losses from the US, with local governments being called upon to provide support for market diversification efforts [3]