The wine sector does not fit the ad. The president of the United States, Donald Trump, signed the decree that imposed an increase in customs duties in dozens of countries on Thursday. At this stage, the European Union has not obtained an exception for wines, champagne and spirits, a particularly sensitive sector for countries such as France and Italy.
600,000 threatened works
He estimated that this combined effect “could lead to a room reduction [leurs] Sales in the United States, a loss of one billion euros. “A drop in exports would also have” effects of the 600,000 direct and indirect jobs in the wine and spirits sector, “according to the press release, which does not appear the first losses.
“We hope to benefit from an exemption and Hargus to our French political leaders so that they can obtain this negotiation there from the commission,” said RMC Jean-Marie Fabre, president of the Union of Growers Independent of France.
Increased wine prices for US consumers
He fears “a fall in sales of 30 to 40% in the United States” if nothing moves. And, for American consumers, the price of French wines could jump from “20%,” he said.
On Thursday, July 31, on the BFMTV set, former European Commissioner Thierry Breton has explained more than how Donald Trump’s customs could increase products in US supermarkets by 10%, thus creating “a kind of VAT” for consumers in the United States.
The European Commission said that Thursday continues negotiations with the United States to try to obtain exemptions from customs tasks on wines and spirits in the future, but hopes to be affected by US taxes of 15% at this stage.
Source: BFM TV
