US President Donald Trump thrashed out at France for the illicit tariffs on the “great” American wine. The US President who remarkably does not drink alcohol said he would like to initiate in the European market, again charging France for illicit trade bar to US wine exports.
The US President told media, “France charges us a lot for the wine and yet we charge them very little for French wine ”. US lodges complain that French wines get to American delays “ for nothing,” he said, including “ it’s not fair and we’ll do something about it. He also added, “ we have great wine, too”.
Brussels and Washington are taking initiatives for starting the negotiations on a trade deal for resolving a battle in which the US President started last year enforcing tariffs on aluminum and steel. But EU personnel have said reportedly they will not discuss agriculture.
In a Twitter post last year, the US President brought complain about wine trade. European union import levies on wine are higher than US tariffs on European wines, along with those from France, but EU consumers purchase less of the US product. France is a vital wine producer but as part of the 28-member block does not plant its own trade policy or tariffs.
European Union import duties on wine are higher than US tariffs on European wines, along with those from France, but the EU consumers buy less of the US product. France is the main wine supplier but as the part of the 28-member block does not set its own trade policy or tariffs.
Based on the kind of alcohol content, imported wine confronts US duties of 5.3 percent to 12.7 percent a bottle, as per the US International Trade Commission. Twinkling wines are weighed with a higher rate of about 14.9 percent a bottle.
But US wines exported to the EU confronts charges of 11 to 29 percent a bottle, as per the Wine Institute, a trade administrative body promoting US exports.
Still, between 2007 and 2018, French conventions outline present, US exports to France tripled and Europe was by far the biggest destinations for the export of US wines.