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Europe Expects Spirits, Wine to Be Hit With 15% Tariff on Friday
The European Union expects wine and spirits exported to the U.S. will face the baseline 15% tariff from Friday, as the clock runs down for levies to kick in. The U.S. and EU are ironing out the finer details of a trade agreement reached Sunday.
The US and EU have reached a trade agreement reducing most European goods' tariffs to 15%: but wine and spirits are ...
France is pushing for champagne and other wines and spirits to be exempt from US tariffs as European officials seek to ...
Reuters on MSN4d
Champagne producers left uncertain over tariffs in EU-US dealChampagne maker Hugo Drappier is one of many waiting to see whether tariff exemptions will apply to France's alcohol industry ...
France’s champagne and cognac makers are scrambling to secure an exemption from Donald Trump’s tariffs on EU imports to head off a crushing hit to sales.
The EU is targeting U.S. industrial and farm products from Republican-led states in its counter tariffs, focusing on American meat, bourbon, motorcycles, bourbon, peanut butter and jeans.
The U.S. is the biggest market for champagne with 10% of champagne exports by volume and 15% by value and producers say the tariffs will push up prices for consumers and threaten jobs all along the ...
President Donald Trump threatened to impose a 200% tariff on wine, champagne and other alcoholic beverages from France and elsewhere in the European Union, the latest escalation in a growing ...
Still, Trump feels aggrieved by the EU, complaining to reporters on Thursday about the lack of U.S. auto sales there as well as the lawsuits and fines filed against Google and Facebook parent Meta.
The move came a day after the EU announced plans to slap tariffs on $28 billion worth of U.S. goods, including a 50% tariff on whiskey. Those tariffs marked a response to U.S. duties on steel and ...
Still, Trump feels aggrieved by the EU, complaining to reporters on Thursday about the lack of U.S. auto sales there as well as the lawsuits and fines filed against Google and Facebook parent Meta.
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