As the August 1 deadline approaches, French champagne producers are bracing for a 30% tariff on EU products, part of Donald Trump’s new America First trade policy. With 10% of all French champagne sold to the U.S., this move could devastate an entire industry, disrupting supply chains and crushing vineyard revenues.
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2 Comments
GOOD NEWS INDEED, OTHERS IN OTHER COUNTRIES MAY GET SOME DISCOUNTED PRICE, FOR MANY CHAMPAGNE IS RARE FESTIVE TIMES STUFF…
EU places tariffs on US goods so the US places tariffs on them. Stop milking America.
The EU imposes a tariff of €18.9 per hectoliter (approximately 3.4% of the value) on US wine imports. However, there are also other costs associated with importing wine into France, such as Value-Added Tax (VAT) and other regulatory requirements.
To give you a more detailed answer, the EU's tariff on US wine is governed by the World Trade Organization (WTO) rules and various trade agreements. As of 2022, the EU's applied tariff rate on US wine is as follows:
Sparkling wine: €33.6 per hectoliter
Still wine in containers holding 2 liters or less: €18.9 per hectoliter
Still wine in containers holding more than 2 liters: €18.9 per hectoliter
Wine of fresh grapes (including fortified wine): €18.9 per hectoliter (for most categories)