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Europe Expects Spirits, Wine to Be Hit With 15% Tariff on Friday
The European Union expects wine and spirits exported to the U.S. will face the baseline 15% tariff from Friday, as the clock runs down for levies on the bloc to kick in. The U.S. and EU are ironing out the finer details of a trade agreement reached Sunday.
US tariffs on EU wine and spirits set at 15% from August 1, says Brussels
The EU said it had secured exemptions for several products — including aircraft, aircraft parts and cork — from the overall tariff rate on most exports to the US. But for others, including for the wine and spirits sector,
European wine and spirits will face a 15% U.S. import tariff until a different deal is agreed in talks expected to continue ...
Steep American tariffs on the European Union and United Kingdom could mean higher prices for imported wines and spirits, ...
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