French Champagne producers depend heavily on the U.S. market, with exports valued around $885 million annually. The recent threat of a 200% tariff from President Trump on Champagne and other European products has alarmed producers in Epernay, the heart of Champagne production. This tariff, amidst escalating trade tensions, could devastate local producers and significantly raise prices for American consumers, as the price of champagne could triple in the U.S. This situation raises concerns about the economic implications for the prestigious Champagne industry.
A 200 percent tariff is designed to make sure that no Champagne will be shipped to the United States, said Calvin Boucher, a manager at Michel Gonet.
The triple-digit menace landed like a thunderbolt in Epernay, rattling workers in nearby fields, producers in small villages and the venerable houses that line the Avenue de Champagne.
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