Posted: Oct 07, 2019
French wine is among a number of European products targeted set to be hit by a hike in US tariffs in a dispute between Washington and the EU over subsidies for aircraft maker Airbus, a move that could make life difficult for both French winemakers and US consumers.
Along with other European products including Italian cheese and Scotch whiskey, French wine sold in the States will be subjected to a 25 percent tariff, a major blow to an industry for which the US is the biggest export market.
“It means an immediate hike in price for the consumer and therefore a probable fall in sales, which will be significant,” said Antoine Leccia, head of the French Wine Exporters’ Federation (FEVS).
“We're talking about a third of increase in price for the consumer. So that means, depending on the range of products, a fall in sales of up to 50 percent of our current exports.”
French wine, not including Champagne, accounted for around 1 billion euros in turnover in 2018, according FEVS’ figures, or around 20 percent of exports.
The EU has vowed to respond with tariffs of its own, sparking the prospect of a transatlantic trade war.
October 4, 2019
Source and complete articles: France24.com
Go-Wine's mission is to organize food and beverage information and make it universally accessible and beneficial. These are the benefits of sharing your article in Go-Wine.com
The Wine Thief Bistro & Specialty Wines is a locally owned small business in downtown Frankfort, IL offering world class wines in a relaxed, casual gathering spot for friends and family. Offering world class virtual tastings and touchless carryout.
https://www.twtwineclub.com/aboutusGo-Wine 25 Great Wineries in US selection prioritizes quality, value and availability.
www.go-wine.com/great-wineries-in-americaTasting wine is a nice experience, but visiting the places in which wine is made is a magic moment. Available in New York City for touchless pickup.