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Europe News
Tariffs: EU holds fire on US spirits in tit-for-tat trade war
The entry into force of a list of countermeasures against US trade tariffs, including American spirits, has been postponed to allow time for talks among EU member states, with the European Commission awaiting Washington’s next move before revising its overall response.
Italy
Wine exporters have called for a de-escalation of tensions
With the U.S. as the largest non-EU market for Italian exports, tariffs imposed by President Trump could significantly impact sectors like wine, spirits, and furniture. Federvini, representing wine and spirits exporters, warns that such tariffs could cost Italy up to half of its U.S. market share
Business
US importers stockpiling Italian prosecco amid fears of tariffs
During the first Trump administration, Italian wines were exempt from tariffs, and as of right now, no duties have been declared against European allies. However, to safeguard the market, Prosecco importers and distributors say they are taking preventative action.
