Topic
#tariff
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- news
Trump Threatens 100% Tariff on French Wine and Champagne, Macron Resists
Hours before taking off for France to attend a summit with other world leaders, United States President Donald Trump threatened a 100 percent tariff on French wine and Champagne. The levy would come in retaliation for the French government’s 3 percent tax on services from American tech companies. Trump announced the ultimatum today in an interview with the New York Post. Unless French President Emmanuel Macron ditches the sales tax on American tech, Trump claims he would have “no choice” but to impose the 100 percent tariff on all French Champagne and wine. The article Trump Threatens 100% Tariff on French Wine and Champagne, Macron Resists appeared first on VinePair .
by Stephen Bradley2 viewsfrench-winenewspoliticstarifftariffstrump - news
U.S. Spirits Exports Slid 3.8 Percent in 2025 Amid Ongoing Tariff Battle
Revenue from U.S. spirits exports dipped by 3.8 percent in 2025, a much gentler drop than the 26 percent plummet experienced by the wine and beer categories. Exports of American spirits raked in $2.37 billion last year according to the 2025 American Spirits Exports report from the Distilled Spirits Council of the United States (DISCUS). Ongoing international trade battles, particularly in key markets across Canada and the European Union, account for much of the dip, DISCUS says in a press release about the report. The article U.S. Spirits Exports Slid 3.8 Percent in 2025 Amid Ongoing Tariff Battle appeared first on VinePair .
by Stephen Bradley2 viewsbusinesscanadaeconomicseuropean-uniongovernmenttariff - news
‘Catastrophic’: U.S. Exports Drop by $357 Million After Canada’s Wine Ban
Canada’s multiple-province ban on American products caused a $357 million deficit for the U.S. wine industry. The prohibition, which started after President Trump enacted his controversial, far-reaching tariffs, prompted the value of U.S. wine exports to Canada to plummet from $460 million in 2024 to $103 million in 2025, according to a new report from Wine Institute. The shift marks a 78 percent drop in U.S. wine exports to Canada, according to the report, which summarized data from the U.S. Census Bureau. The ban also accounts for 81 percent of all losses for global U.S. wine exports last year. The article ‘Catastrophic’: U.S. Exports Drop by $357 Million After Canada’s Wine Ban appeared first on VinePair .
by Stephen Bradley2 viewsbusinessnewsreporttarifftariffstrump