The ax fell in the first light on Wednesday, April 9. French wines and spirits now taxed 20% upon entering the United States. However, a few hours later, the president of the United States, Donald Trump, facilitated the pressure, a typical face of his face. He announced a pause on the day of increasing the planned rate, reducing the tax on 10% European products during the established 90 -day period.
This was a relief for the industry, especially since at one time, Trump threatened to impose 200% tariffs on European alcohols. This perspective of almost closing the main export market for French wines and cognac, after attacks from mid -March of the US leader, mobilized interested parties. In fact, bets are significant.
Sales in the US, the main market of French wines and spirits, reached € 3.8 billion in 2024, with almost 800 million euros for Champagne. This represents a quarter of French exports of alcohol and almost half of American imports of European wines and spirits.
Bourbon retired from the list
In France, as well as in Italy, Spain and Ireland, wine producers, cognac and whiskey exerted pressure on their governments of respect and the European Commission to try to mitigate possible reprisals. They succeeded. In the list of American products subject to possible 25%tariffs, published on Wednesday by Brussels in response to similar rates applied since March to steel and aluminum products that enter the US. UU., Wine were eliminated, which is more important, Bourbon.
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