US EditionEU Said to Push for a Spirits-Wine Tariff Deal Touted by Arnault
EUROPEAN UNION, JUL 31 – US tariffs on EU wine and spirits rise from 10% to 15%, affecting $9 billion in exports and disrupting supply chains, despite ongoing EU efforts to secure exemptions.
- The US is set to impose a 15% tariff on most EU imports, including wine and spirits, starting August 1 following a trade deal reached on Sunday.
- This move follows months of negotiations and a framework agreement but dashed hopes for immediate exemptions for alcohol sectors, with talks continuing to seek carve-outs.
- French and Irish wine and spirits producers warn the tariff, combined with a weak US dollar, could sharply reduce exports and harm 600,000 French industry jobs.
- European Commission spokesperson Olof Gill said, "The ball is in their court," adding wine and spirits will be under the 15% tariff ceiling, but negotiations remain active.
- Industry leaders emphasise the tariff's costly impact on EU producers and US supply chains, urging urgent US-EU talks to restore zero tariffs on spirits and wines.
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In the absence of agreement, European wines and spirits will indeed be taxed at 15% after the entry into force of the new US customs duties on 1 August. However, Europe has not said its last word, and negotiations are continuing.
EU Wine, Spirits to Face 15% US Tariff From August 1, EU Says
·New York, United States
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Total News Sources19
Leaning Left4Leaning Right3Center0Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
R 43%
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