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French wine exporters say U.S. wine taxes a sledgehammer to sector
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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.