BRUSSELS — President Biden and European Union leaders reached a deal Tuesday to put to rest a 17-year-old trade dispute…
WASHINGTON—The Trump administration said it will target more French and German wine and spirits with 25% tariffs starting Jan. 12, in the latest escalation in a tit-for-tat tariff fight related to a longstanding dispute over commercial-jetliner subsidies.
WASHINGTON (Reuters) -The U.S. government on Wednesday said it would raise tariffs on certain European Union products, including aircraft components and wines from France and Germany, the latest twist in a 16-year battle over aircraft subsidies between Washington and Brussels.
The French wine exporters federation on Thursday complained that additional US tariffs on French wines and cognac will cost the industry more than $1.2 billion.
Restaurants have tried virtually everything to survive the pandemic. They’ve increased outdoor seating and added plexiglass screens between tables to reassure diners. They’ve adopted no-contact ordering apps and ramped up takeout. And they’ve expanded delivery options.
The wine industry as we know it is in danger, experts fear.
Last fall, the Trump administration levied a 25 percent tariff on wine imported from France, Spain, England, and Germany – a tax that U.S.-owned importers, distributors and retailers and not European companies have to pay.
Italian wine, French cheese, Belgian chocolates and olives from Spain are just a sampling of imported products that could soon get slammed with costly new tariffs by the U.S.
Scott Ades is the president of Dalla Terra Winery Direct, an importer for small, family-owned Italian wineries. Ades and his team perform a rather behind-the-scenes function for consumers, serving as a facilitator to move wines direct from Italian producers such as Alois Lageder, Vietti, Aia Vecchia, Cleto Chiarli and more to distributors in the United States.
Harry Root’s business distributing imported wine from Europe was already reeling from a sales slump brought on by coronavirus lockdowns when he was hit with another gut-punch: a $25,000 tariff on a shipment of rose, “fun whites” and beaujolais wines at the Port of Charleston.
The U.S. and European Union are no closer to an agreement on airplane manufacturers, meaning wine sellers and consumers could continue to suffer