00:00 – EU Wine & Spirits Hit with 15% US Tariff: Impact & Reactions Explained
03:11 – How New U.S. Tariffs on EU & UK Are Making Booze Costlier in 2025
1. EU Wine & Spirits Hit with 15% US Tariff: Impact & Reactions Explained
European wine and spirits producers face a significant blow as a 15% US import tariff is set to kick in from August 1.
Learn how this tariff, up from the current 10%, will affect the industry, including the economic losses for EU wine producers and US spirits businesses.
Understand the ongoing trade talks between the EU and US, aiming for zero tariffs.
Key topics covered:
– EU-US trade deal updates
– Impact on wine and spirits industries
– Reactions from EU wine producers and US Distilled Spirits Council
– Future of tariffs: will we see a return to zero?
2. How New U.S. Tariffs on EU & UK Are Making Booze Costlier in 2025
Discover how new U.S. tariffs on the EU and UK in 2025 are driving up the cost of your favorite wines and spirits. The 15% EU and 10% UK tariffs could increase prices for French wine, Italian wine, scotch whisky, and other imported liquors. Industry experts warn of higher retail costs, reduced consumer choice, and economic ripple effects on restaurants and distributors. Learn about lobbying efforts for tariff exemptions and the potential $371 million loss for Italian wine exports. This video breaks down the impact of Trump-era trade deals on your next bottle of wine or dram of whisky.