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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 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, ...
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On Friday, India notified sugar exports of 5,841 tonnes to the European Union under the tariff-rate quota scheme for 2025-26.
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