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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 expected to face opposition. Her full-Senate hearing has not yet been scheduled but, depending on other Senate business, could happen as soon as next week.
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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 running disputes at the World Trade Organization, the U.S. Trade Representative said in a joint statement.
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, 2021
The U.S. government has paused the tariffs on most French, Spanish and German wines, bringing economic relief to European winemakers, American merchants and wine consumers, at least for four months. The suspension, announced by the Office of the United States Trade Representative today, is intended to ratchet down tensions as the U.S. and European Union negotiate a solution to a long
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 administrationâs response to longstanding E.U. subsidies made to French aircraft company Airbus, putting Boeing at a disadvantage.
This latest retaliation, which places tariffs on Cognac and Armagnac and expands the 25 percent tariff to include wines from France and Germany at 14 percent alcohol and above, was announced with little warning and went into effect on Jan. 12. The tariffs even apply to purchases made prior to Dec. 31 that have not yet reached the U.S., leaving businesses with an unexpected and expensive tab.