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French champagne producers warned that President Trump's planned 30% tariffs on August 1 could inflate prices for American consumers and jeopardize jobs across the supply chain, including in the US https://t.co/OLrCabJCDA https://t.co/NKUcnkPHwE
French champagne producers warned that President Trump's planned 30% tariffs on August 1 could inflate prices for American consumers and jeopardize jobs across the supply chain, including in the US. More here: https://t.co/GoEYCH4Zhi https://t.co/XTGGTStFOF
A planned 30% US tariff on EU wines could hike prices, slash choice and force layoffs across America’s wine trade. Victor Schwartz of @VOS_SELECTIONS and Ben Aneff of the US Wine Trade Alliance discuss the impact on tonight's "Wall Street Week" https://t.co/yjqmP1vOn7 https://t.co/RU8jat37Sj
French champagne producers have expressed concern over President Donald Trump's planned 30% tariffs on European Union exports, set to take effect on August 1, 2025. Industry representatives warned that these tariffs could lead to higher prices for American consumers and threaten jobs throughout the U.S. supply chain. The chairman of a French industry group indicated that producers will need to seek alternative markets, suggesting Brazil, Southeast Asia, and South Africa as potential options. Additionally, U.S. wine trade representatives highlighted that the tariffs could reduce consumer choice and result in layoffs in the American wine industry.
