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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,
Steep American tariffs on the European Union and United Kingdom could mean higher prices for imported wines and spirits, ...
European wine and spirits will face a 15% U.S. import tariff until a different deal is agreed in talks expected to continue ...
39%? For Switzerland, this is a huge shock, and worse than the worst-case scenario – these are the highest tariffs in Europe.
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European stocks logged their biggest one-day drop in over three months on Friday, at the end of a busy week as investors ...
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