Chablis, France – French wine producers are deeply worried that it 20% tariff Directed by President Donald Trump will deal hack In the sector that rely on the US as its top.
French President Emmanuel Macron warned the “massive” influence on Thursday, while he met with representatives of the most affected industries, including wine and spirits.
Vincent Dampt, the owner of the wine domain in Chablis, in the Burgundial region, called the Tariffs “Bad News”.
“But it could be worse,” Dampt added. “I was really stressed with the possibility that this is a 200% tariff.”
Trump threatened last month 200% tariff on European wineChampagne and ghosts if the EU is moving forward with the planned tariff on American Viski.
Dampt suggested that he preferred the negotiating outcome between the EU and the United States, saying that full of trade war was bad for work.
“We’re not at school,” he said. “If you answer too fast with the same violence, it is not constructive.”
Binar of the third generation, Dampt Brodi about 30% of its production in the United States – approximately 25,000 bottles. The sales decline, would seriously affect their business.
Chablis White wine was also the target of the tariff under the first trump administration at the height of the Spatio between Boeing and Airbus airlifts.
There is only one way for the Dampt to fight and maintain the presence in the US: the prices expressed and reduced its profit. But he said, “It’s not easy to do” especially now that he has already lost about 50% of the crops last year, mainly because of the tunes and killers.
The Bourgogne Wine Board said in a statement that the industry expects to be “hardly affected” because the United States is the leading export market of wines from Burgundy.
“Although this new measure will affect exports, potentially cost bourgogne wines to 100m euros, will not bring trade abruptly to stop, as it would be the case with larger tariffs,” the trade association has noted.
The US last year was remaining the largest export market produced in the EU, with 4.88 billion (5.36 billion), in the statement, that is, COMITÉ Europe) or CEEV. Exports in the United States.
The new tariff would create “economic insecurity and result in dismissal, deferred investments and prices increased,” Marzia Varvaglione, President of the CEEV. “There is no alternative wine market that could compensate for the loss of the US market.”
The macron denied tariffs as “brutal and unfounded”. In addition to the wine industry, the meeting at the Elysee Palace gathered representatives from the aviation, chemical and metal sectors, electronics, health, luxury, cosmetics and food industries.
Macron said that France would probably be a little less affected by some of its neighbors, because exports in the United States represents 1.5% of French GDP, while Germany represent over 3% for Germany. Still, “It’s not a little thing,” Macron said.
He emphasized that the American economy will first experience the negative impact of the tariff.
“One thing is for sure, with that decision, the American economy and Americans, companies and citizens will appear weaker and poorer than yesterday,” Macron said.
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2025-04-04 12:11:00
