The United States-European Union Joint Statement announced by EU trade commissioner Maroš Šefčovič has confirmed a 15% tariff on European goods exported across the pond.
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Recent analysis from Unione Italiana Vini (UIV), drawing from research by WineAmerica, has revealed that the recently announced 15% tariff on European wine imports will cost the US upwards of $25bn.
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Projections from Unione Italiana Vini (UIV) show that the Italian wine sector could lose over €317mn over the next 12 months due to the 15% tariff on EU exports to the US.
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EU wine producers have been assessing the potential impact of a 30% tariff on wine bound for the US market following the latest missive from The White House on Friday (11 July).
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