A U.S. move to impose 25% duties on their wares has brought little cheer to the wine barons of Bordeaux, who fear a possible hit to their business at a time of other problems.
U.S. President Donald Trump announced the tariffs on a range of European foodstuffs as part of Washington’s response to EU aircraft subsidies.
The higher tariffs would immediately raise prices by $5-$10 per bottle. Exporters may need to cut prices in order to avoid losing market share, which in turn may th….. Read More On: Cyprus Mail
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