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Trump's 200% tariff threat would be 'real disaster' for Europe's wine, spirit industry
Millennium Post Delhi
|New Delhi 21March2025
CRIPPLING COSTS WOULD HIT SMALLER WINERIES ESPECIALLY HARD
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CHAMPAGNE (FRANCE): Across wine country in France, Italy and Spain one number is top of mind: 200 per cent.
That's because last week US President Donald Trump threatened a tariff of that amount on European wine, Champagne and other spirits if the European Union went ahead with retaliatory tariffs on some US products. The top wine producers in Europe could face crippling costs that would hit smaller wineries especially hard.
Europe's wine industry is the latest to find itself in the crosshairs of a possible trade spat with the US.
Among those concerned is David Levasseur, a third-generation wine grower and owner of a Champagne house in France's eponymous region.
This story is from the New Delhi 21March2025 edition of Millennium Post Delhi.
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