Peel and finely chop the red onion and garlic. Chop the fresh tarragon.
In a medium saucepan, melt the butter over medium heat.
Add the chopped onion and sauté for 2-3 minutes, or until translucent.
Add the garlic and sauté for another 30 seconds, until fragrant.
Add the cranberries, balsamic vinegar, apple cider vinegar, and honey. Stir well to combine.
Pour in the water and simmer over low heat for 10-12 minutes, until the cranberries are softened and the sauce has thickened.
Stir in the chopped tarragon, season with salt and black pepper, and cook for another 2 minutes.
Blend until smooth using an immersion blender, or leave it chunky for a more rustic texture.
Let it cool slightly, then serve with roasted meats, duck, or turkey.
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