The United States will apply a 15% import tariff on European Union wine and spirits from 1 August, replacing the current 10% duty and remaining in force until Washington and Brussels strike a sector-specific agreement, according to an EU Commission spokesperson. The change stems from a framework trade accord reached earlier in the week that set a common ceiling for most EU goods entering the U.S. market. An executive order expected to be published in Washington codifies a single 15% “all-inclusive” rate for almost all Section 232 tariffs, with steel and aluminium the main exceptions. EU officials said the rate is slated to extend to automobiles, auto parts and pharmaceuticals once separate U.S. investigations are completed. In agri-food, cheese exported from the bloc will face the same 15% levy, while U.K. cheese will be taxed at 24.9%. European producers warn the higher duty could slice into margins and curb exports, especially when combined with a stronger euro. The Comité Européen des Entreprises Vins estimates the overall financial burden on wine makers could approach 30%. The Distilled Spirits Council called for a rapid return to zero-for-zero tariffs, arguing that continued duties threaten jobs across the hospitality supply chain. EU and U.S. negotiators are expected to revisit the issue in the autumn.
EU Official Says, "If You Look At Cheese, In U.S. Trade Deal, EU Will Face 15% Tariff But UK Will Face 24.9% On Its Cheese" 🧀🇪🇺🇬🇧
EU Official Says, "If You Look At Cheese, In U.s. Trade Deal, EU Will Face 15% Tariff But UK Will Face 24.9% On Its Cheese" 🧀🇪🇺🇬🇧
EU official states that under the US trade framework deal, the EU will face a 15% tariff on cheese, while the UK will be subject to a 24.9% tariff.