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Europe Expects Spirits, Wine to Be Hit With 15% Tariff on Friday
The European Union expects wine and spirits exported to the U.S. will face the baseline 15% tariff from Friday, as the clock runs down for levies to kick in. The U.S. and EU are ironing out the finer details of a trade agreement reached Sunday.
US tariffs on EU wine and spirits set at 15% from August 1, says Brussels
The EU said it has secured exemptions for a number of products — including aircraft, aircraft parts and cork — from the overall tariff rate on most exports to the US. But for others, including for the sensitive wine and spirits sector,
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