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French wine exporters see €1-billion loss
Financial Express Chandigarh
|August 02, 2025
FRANCE'S WINE AND spirits industry expects to lose €1 billion ($1.1 billion) should the US go ahead with imposing a 15% import tariff on their products next week, as the European Union (EU) makes a last-ditch effort to obtain an exemption.
The levy, due to come into force August 7, will likely cut a quarter of France's annual exports from the sector, the country's federation of wine and spirit exporters FEVS said on Friday. It will also jeopardize the jobs of the 600,000 people directly employed by th
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