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French wine and spirits exportations are struggling because of the Trump tax

French wine and spirits exportations are struggling because of the Trump tax

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According to an official document published on Tuesday night, the Trump administration is considering imposing additional punitive taxes on $3.1 billion worth of European products, including French luxury goods. A measure that risks to compromise the exports of French wines and spirits to the United States and that threatens major luxury groups such as LVMH, Remy Cointreau or Pernod Ricard.

 

Trade war: customs duties, Trump’s favorite weapon

 

New power struggle between the United States and France over customs duties.

 

After a series of customs hikes last October, Donald Trump reiterates and the services of the US Trade Representative have just listed the new products concerned in a call for public consultation which will last until July 26.

 

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Featured photo : © Rémy Cointreau

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