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Decanter US suspends wine tariffs in EU truce Wine lovers may find it easier to get European wines, from Bordeaux and Burgundy to Rioja, after US and EU officials agreed to pause punitive tariffs stemming from an aerospace industry trade dispute. The EU has agreed to do the same with its tariffs imposed on US goods, as both sides seek to find a resolution to long-running trade disputes over aid for rival companies Boeing (US) and Airbus (EU). ‘What fantastic news,’ said Ben Aneff, president of the US wine trade alliance that has lobbied against the 25% import levy since ...

Now the question is, when will there be movement in the food-and-drink tariff war between the US and the EU, which has seen the US slap 25 percent tariffs on almost all still wines from France and Germany and wines lower than 14 percent alcohol from Spain. A small step in that direction came this week when the Senate Finance Committee approved Katherine Tai's nomination to become the new US Trade Representative (USTR) by a unanimous voice vote. US-EU trade relations can't really make any progress until a new USTR is in place. Tai still needs to be confirmed by the full Senate, but she is not ...

ABC News Turn on desktop notifications for breaking stories about interest? OffOn This is a small first step for the hard-hit restaurant industry. • 7 min read Catch up on the developing stories making headlines.John Keeble/Getty Images, FILE The United States has suspended its 25% tariffs on some United Kingdom exports including European wine, single malt Scotch whiskies, biscuits, clotted cream, and other goods. "The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest ...

U.S. Government Pauses Tariffs on European Wines The Biden administration has suspended the 25 percent duties while negotiations continue; wine merchants breathe big sigh of relief Katherine Tai speaks to U.S. senators during her confirmation hearing. One of her first acts as U.S. Trade Representative has been to suspend tariffs on European wine. (Tasos Katopodis/Getty) By Mar 5,...

JESS LANDER The U.S. Trade Representative recently announced an expansion of tariffs on European wines, food and spirits, effectively delivering what could be a fatal blow to restaurants who are already struggling to keep their lights on during pandemic shutdowns and restrictions. The first round of tariffs implemented in 2019 on certain wines, foods and spirits from France, Germany, the U.K. and Spain was the Trump administration’s response to longstanding E.U. subsidies made to French aircraft company Airbus, putting Boeing at a disadvantage. This latest retaliation, which ...