financetom
Business
financetom
/
Business
/
European wine may be left out of trade deal with U.S., lobby group says 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
European wine may be left out of trade deal with U.S., lobby group says 
Jul 11, 2025 7:56 AM

PARIS (Reuters) -European wines may not benefit from preferential treatment in any trade agreement between the EU and the administration of U.S. President Donald Trump, the industry's main lobby group said on Friday. 

"We are deeply concerned about the potential exclusion of wine from the list of sensitive goods included in the deal package," said Marzia Varvaglione, president of the European wine producers group CEEV.

Products like French Bordeaux, Italian Chianti or Spanish Rioja heavily rely on the United States as their major export market, with annual shipments worth almost 5 billion euros ($5.84 billion). 

Reuters reported earlier this week the bloc was on the verge of winning concessions to U.S. baseline tariffs of 10% for aircraft and parts, some medical equipment and alcoholic beverages, but it was initially unclear whether wine was part of the deal. 

Industry officials have repeatedly called for a "zero for zero" approach to boost the alcohol trade across the Atlantic. 

Although most of Europe's wine industry is made up of smaller and mostly unlisted business, some major publicly traded companies like LVMH and Pernod Ricard count wineries among their assets. 

($1 = 0.8562 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Luna Innovations Gets Nasdaq Notice on Delayed Quarterly Filing
Luna Innovations Gets Nasdaq Notice on Delayed Quarterly Filing
Aug 29, 2024
06:01 PM EDT, 08/26/2024 (MT Newswires) -- Luna Innovations ( LUNA ) said Monday it received a delinquency notice from Nasdaq for its noncompliance with listing rules after it failed to file its Form 10-Q for the quarter ended June 30. The company said the notice also serves as a reminder that it also remains delinquent in filing its Form...
Signet Jewelers Insider Sold Shares Worth $640,000, According to a Recent SEC Filing
Signet Jewelers Insider Sold Shares Worth $640,000, According to a Recent SEC Filing
Aug 29, 2024
06:01 PM EDT, 08/26/2024 (MT Newswires) -- Mary Elizabeth Finn, Chief People Officer, on August 23, 2024, sold 8,000 shares in Signet Jewelers ( SIG ) for $640,000. Following the Form 4 filing with the SEC, Finn has control over a total of 46,821 shares of the company, with 46,821 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/832988/000083298824000178/xslF345X05/wk-form4_1724709554.xml ...
LuxUrban Hotels Gets Nasdaq Noncompliance Notice
LuxUrban Hotels Gets Nasdaq Noncompliance Notice
Aug 29, 2024
05:58 PM EDT, 08/26/2024 (MT Newswires) -- LuxUrban Hotels ( LUXH ) said Monday that the Nasdaq Stock Market has notified the company it is not in compliance with the bourse's listing rule because it failed to file its Form 10-Q for the period ended June 30. The firm was required to submit Form 10-Q by Aug. 14. The company...
Signet Jewelers Insider Sold Shares Worth $1,010,000, According to a Recent SEC Filing
Signet Jewelers Insider Sold Shares Worth $1,010,000, According to a Recent SEC Filing
Aug 29, 2024
06:01 PM EDT, 08/26/2024 (MT Newswires) -- Jamie Singleton, Group President and Chief Consumer Officer, on August 23, 2024, sold 12,625 shares in Signet Jewelers ( SIG ) for $1,010,000. Following the Form 4 filing with the SEC, Singleton has control over a total of 150,317 shares of the company, with 150,317 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/832988/000083298824000177/xslF345X05/wk-form4_1724709535.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved