The Federation of French Wine Exporters warns that new US tariffs and the depreciation of the dollar could lead to losses of one billion euros.
Delia Niculescu
International
foto:shutterstock
Always see our news on Google
The FEVS highlighted the severe impact of the 15% US tariffs on EU wines and spirits, estimating a 25% reduction in sales, which could lead to losses of €1 billion and 600,000 jobs in the French industry. Officials called for further negotiations between France and the EU to find solutions and exemptions. The duties are also expected to reduce champagne consumption in the US.
Sources
Latest News
17:22
Nicușor Dan, after the Summit of the Carpathian Initiative: Romania is ready to attract investments through the Port of Constanța, infrastructure, and strategic sectors
16:47
The Argeș mountain rescuers intervened to evacuate a tourist with a fracture in the Făgăraș Mountains
16:38
Giorgia Meloni proposes limiting the number of foreign students in classes and banning the burqa and niqab in schools across Italy
16:10
Anthropic, OpenAI, SpaceXAI, and Google accused in a lawsuit of illegally coordinating to slow the development of artificial intelligence
15:51
Energy prices rise in Europe / German wholesale electricity more than 60% more expensive than last year
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
