From Yahoo Finance: 2025-04-04 06:37:00

France’s wine producers fear a 20% tariff imposed by Trump will severely impact the sector, with the U.S. as a top market. Macron warns of “massive” effects, while winemaker Dampt prefers a negotiated outcome over a trade war. The Bourgogne Wine Board predicts up to 100 million euros in losses.

The U.S. is the largest export market for EU wines, with 28% of total wine export value. CEEV warns of economic uncertainty, layoffs, and price increases due to the new tariff. Macron criticizes the “brutal and unfounded” decision, emphasizing negative impacts on the U.S. economy.

Dampt, a third-generation winemaker in Chablis, ships 30% of his production to the U.S., facing potential sales drops. He may have to lower prices to maintain a presence in the U.S. market. The wine industry braces for significant losses, with potential layoffs and deferred investments.

Read more: Faced with Trump’s new tariff, French wine producers expect rough times ahead