New Tariff War Could Choke Off LVMH, Oetker Wine Supplies to U.S. — Panjiva
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New Tariff War Could Choke Off LVMH, Oetker Wine Supplies to U.S.

Consumer Staples 740 European Union 782 Tariffs 1771 U.S. 5260

U.S. government plans to apply retaliatory duties against EU exports in response to subsidies for Airbus could have a marked impact on European beverages industry. The EU exported $7.14 billion of wine, brandy and other spirits that have been targeted for duties to the U.S. in 2018. Still wines represented 47.3% of the total, sparkling wines 18.1% and brandy 21.6%. Assuming duties of 100% are applied to aerospace imports from the EU, then all other products including beverages could face an additional 14.7% tariff. That may cut demand from U.S. consumers, which in turn could have an impa...

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