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


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

Cons. Staples - Food/Beverages 395 European Union 406 Tariffs 1169 U.S. 3297

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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