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.
- The European Commission could not secure an exemption for wine and spirits from the 15% US tariff, but negotiations are ongoing, according to Maros Sefcovic, the EU trade chief.
- In 2024, wine and spirits exports to the US amounted to around €9 billion, with €4.9 billion from wine alone, highlighting US demand for EU beverages.
- European producers are preparing for significant losses, as the Union of Italian Wines states this is a blow to their sector worth around €2 billion per year.
- The deal has drawn criticism, with French Prime Minister François Bayrou describing it as a 'submission' to the US, emphasizing the negative impact of high tariffs.
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Colorado Springs GazetteReposted by 
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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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The negotiations did not bear fruit, which means that exports of bottles from across the Atlantic will be affected by customs duties at 15%. Despite the disappointment, the government and industry associations in the sector want to continue their efforts to obtain an exemption. - French wines will not escape US customs duties at 15% but wine growers do not admit to being defeated (Economy).
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Total News Sources80
Leaning Left8Leaning Right9Center15Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 25%
C 47%
R 28%
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