August 1st, 2025, 9:22 AM GMT+0000
EU wine and spirits are expected to be subject to a 15% US tariff as negotiations continue on securing exemptions. France’s wine and spirits industry expects to lose €1 billion should the US go ahead with imposing a 15% import tariff on their products next week, as the European Union makes a last-ditch effort to obtain an exemption.
Samuel Masse, President of European Confederation of Independent Winegrowers speaks to Bloomberg’s Francine Lacqua on the implication of tariffs to the wine industry. (Source: Bloomberg)
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