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EU-US Trade Conflict Prompted $14 Bln Decline in French Wine Exports in 2020, Industry Group Says Pixabay/CC0 Sputnik International https://sputniknews.com/business/202102121082052485-eu-us-trade-conflict-prompted-14-bln-decline-in-french-wine-exports-in-2020-industry-group-says/ Late last year, US authorities slapped additional tariffs on a number of goods from the European Union, including aircraft-related parts and wines from France and Germany. A 13.9-percent drop in exports of French wine and spirits in 2020 was caused by US tariffs and the spread of the COVID-19 pandemic, the industry group Federation des Exportateurs de Vins & Spiritueux de France (FEVS, or the Federation of French Wines and Spirit Exporters) announced in a press release. ....
<div class="at-above-post addthis tool" data-url="https://www.metro.us/u-s-tariffs-to-keep/"></div>PARIS (Reuters) – U.S. tariffs could hinder a rebound in French wine and spirits exports, after a 13.9% drop in 2020, if coronavirus restrictions that shut restaurants, bars and airport duty free stores in many countries were to be lifted, industry group FEVS said. Sales abroad of wines and spirits – France’s second-biggest export after […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/u-s-tariffs-to-keep/"></div><! ....
French wine producers are calling on the government to take tough decisions as they say new US tariffs could see them losing nearly a billion euros in exports this year. The US and the European Union have been locked in a dispute over aircraft subsidies for years which escalated in October 2019 when Washington slapped 25% tariffs on a number of European products. Brussels swiftly announced retaliatory tariffs. French still non-sparkling wine with an alcohol level of up to 14 degrees and in bottles of under two litres were included in the US list. According to the French Federation of Wine and Spirit Exporters (FEVS), the tariffs cost French producers more than €600 million in 2020, with exports to the US falling by 50% compared to the previous year. ....