French wine exporters say U.S. wine taxes a sledgehammer to sector
2 Min Read
FILE PHOTO: Bottles of red wine are seen in the cellar of Chateau Le Puy in Saint Cibard, France, October 3, 2019. REUTERS/Regis Duvignau/File Photo
PARIS (Reuters) - The U.S. decision to impose additional tariffs on French wines and cognac, which come in addition to a first set of tariffs late last year, will cost the sector a total of over 1 billion euros ($1.23 billion), the French wine exporters’ federation said on Thursday.
The U.S. government on Wednesday said it would raise tariffs on certain European Union products, including wines from France, the latest twist in a 16-year battle over aircraft subsidies between Washington and Brussels.
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French wine exporters say US wine taxes a sledgehammer to sector The U.S. decision to impose additional tariffs on French wines and cognac, which come in addition to a first set of tariffs late last year, will cost the sector a total of over 1 billion euros (US$1.23 billion), the French wine exporters federation said on Thursday.
FILE PHOTO: Bottles of red wine are seen in the cellar of Chateau Le Puy in Saint Cibard, France, October 3, 2019. REUTERS/Regis Duvignau/File Photo
31 Dec 2020 07:20PM Share this content
By Reuters Staff
2 Min Read
FILE PHOTO: Bottles of red wine are seen in the cellar of Chateau Le Puy in Saint Cibard, France, October 3, 2019. REUTERS/Regis Duvignau/File Photo
PARIS (Reuters) - The U.S. decision to impose additional tariffs on French wines and cognac, which come in addition to a first set of tariffs late last year, will cost the sector a total of over 1 billion euros ($1.23 billion), the French wine exporters’ federation said on Thursday.
The U.S. government on Wednesday said it would raise tariffs on certain European Union products, including wines from France, the latest twist in a 16-year battle over aircraft subsidies between Washington and Brussels.
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