US EditionUS Wine Sellers Left in Limbo Despite EU Tariff Deal
The 15% U.S. tariff on European wines and spirits risks €368 million losses and job cuts amid ongoing trade tensions and no secured exemptions so far, EU officials say.
- On August 21, 2025, the United States imposed a 15% tariff on European wines and spirits despite lobbying by France, Italy, and others for exemption.
- The July framework accord established a 15% US levy on most EU exports, while EU negotiators agreed to improve market access for US seafood and agricultural goods.
- Industry groups warn that tariffs could cost up to $1 billion in U.S. retail activity and 12,000 jobs, with Unione Italiana Vini estimating losses between 317 million and 460 million euros, and Gabriel Picard citing a 1 billion euro drop in French sales.
- Retailers report importers and distributors hiked prices 10-15% since June, with many facing a 20-percent cost swing as the euro strengthened this year.
- EU trade commissioner Maros Sefcovic said negotiations continue and 'these doors are not closed forever', while a more favourable regime will apply September 1 to some exports, amid calls for 'determined action' from Giacomo Ponti.
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At the end of July, US President Donald Trump announced "the biggest deal ever made by prisoners," a trade agreement with the European Union, under which Washington imposed 15 per cent tariffs on European products. Not only did Brussels not raise tariffs on US imports, but it also cancelled them for a number of products — and promised to invest hundreds of billions of dollars in the US economy and buy more energy from the US.
·Riga, Latvia
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Cryptocurrency News | Cryptocurrency Prices | Market CapFrench winemakers fear Trump tariffs will hit sales in crucial US market
By Manuel Ausloos
·Colorado Springs, United States
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Tariffs: US and EU finalize new trade framework
In a joint statement on Thursday, Washington and Brussels unveiled the details of the deal reached at the end of July, which imposes a 15% tariff on most European exports. The pharmaceutical and aviation sectors will be exempt, but not wine and spirits.
·Paris, France
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Total News Sources84
Leaning Left10Leaning Right9Center15Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 29%
C 44%
R 26%
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