French wine and spirits federation on the US-EU trade deal says:
- Disaster has been avoided but coming days be crucial for the sector.
- Deal is expected to confirm Duty-free trade in spirits.
While the deal includes a 15% base tariff on most EU goods such as cars, semiconductors, and pharmaceuticals, public reporting and official comments suggest that agricultural products—specifically wine and spirits—were deliberately excluded from the tariff list, likely to avoid consumer backlash and preserve transatlantic cultural trade.
This exemption has been welcomed by European wine and spirits producers, especially in France and Italy, who had been concerned about possible retaliatory measures. However, future adjustments remain possible depending on compliance and ongoing negotiations.
This article was written by Greg Michalowski at investinglive.com.
