For the wine industry, the stakes are particularly high: if India’s steep tariffs of up to 150% are lowered, the emerging market of 1.4 billion people could quickly unlock its potential. Read More
EU Wine Exports
The European Commission approved a €5 billion (US$5.6 billion) French scheme Thursday to help wine and spirits exporters accelerate shipments to the US before a 90-day tariff truce expires July 8. Read More
As US tariffs takes effect today, more EU producers are looking elsewhere to offset US loss. Can Asia be the answer? Read More
Merchants are already suspending EU wine purchases and warning of mass bankruptcies and layoffs if Trump’s threatened 200% tariff on European wine is implemented. Read More
EU wine exports to most Asian markets suffered setbacks in 2024 with the exception of one market that bucked the downward trend.
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Though China's wine impports from the EU have contracted in the past few years, the threatened countermeasures could still affect over US$777 million worth of EU wines, nearly 70% of China's total wine imports last year, as per official data. Read More