French wine producers are distressed by President Trump's proposal of a staggering 200 percent tariff on European wines, which could cease shipments to the U.S., their largest export market. This potential tariff could erase nearly 4 billion euros from the French trade balance. Industry leaders expressed disbelief and alarm at the catastrophic consequences of such tariffs. The uncertainty surrounding the tariffs creates further anxiety about business relations with American importers, as they consider the feasibility of continuing to purchase French wines at such elevated costs.
A 200 percent tax on European wines and spirits would mean an immediate halt to all shipments to the United States, Gabriel Picard, chairman of the Federation of Wine and Spirits Exporters, told French media.
We are in shock, said Laurent Delaunay, the president of the Burgundy Interprofessional Wine Bureau, who added that the tariffs would be catastrophic if imposed.
The uncertainty of being able to do business with American wine importers raises concerns about how steep tariffs would affect pricing and consumer willingness.
France's two biggest Champagne producing associations were left temporarily tongue-tied, saying they had no comment to make at this stage.
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