US Wine Sellers Left In Limbo Despite EU Tariff Deal
At a wine shop in Washington's Capitol Hill neighborhood, bottles sourced from Europe are becoming costlier to import -- and soon, pricier for customers to buy, the owner says -- thanks to a resident just down the road in the White House.
President Donald Trump has slapped a 15-percent tariff on many goods coming from the European Union, as part of a deal the bloc negotiated to avoid even steeper levies.
The continent's important wine and spirits industry hoped to have a carveout, but details released Thursday showed no exemption to the double-digit duty.
The new EU rate took effect this month, replacing a 10-percent levy Trump imposed in April on most trading partners. But even the lower tariff has forced importers to hike prices -- and retailers are feeling the pinch.
"Everybody's redoing their price books at this point," said Michael Warner, co-owner of wine boutique DCanter in Washington's Capitol Hill neighborhood.
He told AFP that price increases from importers and distributors became apparent around June, ranging from 10-15 percent.
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