financetom
Business
financetom
/
Business
/
French wine and cheese makers say U.S. tariffs would hit hard
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
French wine and cheese makers say U.S. tariffs would hit hard
Jul 13, 2025 6:53 AM

PARIS, July 13 (Reuters)

French cheese and wine producers have warned of the damaging impact that U.S. President Donald Trump's threatened 30% tariffs on imports from the EU would have on the country's agriculture industry.

A 30% duty would be "disastrous" for France's food industry, said Jean-François Loiseau, president of food lobby group ANIA, while Francois Xavier Huard, CEO of dairy association FNIL, said: "It's a real shock for milk and cheese producers - this is an important market for us".

"It's a new environment we will have to get used to - I don't think this is temporary," Huard told Reuters on Sunday, referring to shifting rules and flaring trade tensions.

He noted the industry may have to rethink its strategy relating to the markets in which it operates.

France's dairy sector exports nearly half of its production, including to the United States, which imports mostly cheeses such as Brie but also fresh products like yogurt and butter.

It risks losing annual sales worth hundreds of millions of euros, said Huard, noting the sector sells 350 million euros ($409 million) worth of dairy products to the U.S. annually.

French food exporters are worried that additional import taxes could push up prices of their products beyond the reach of inflation-strapped shoppers in the United States.

"Products like wine, especially, are consumed for pleasure -if you have less money to spend, you might forgo the purchase," said Yannick Fialip, head of association CNPA, which promotes French food exports.

"We will be less competitive," Fialip added, noting a weaker dollar had already added pressure on exports to the U.S.

The European Union said on Sunday it prefers a negotiated solution on trade with the United States, with European Commission President Ursula von der Leyen saying the bloc would extend its suspension of countermeasures to U.S. tariffs until early August.

($1 = 0.8555 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 >
What's Going On With Archer Aviation (ACHR) Stock Wednesday?
What's Going On With Archer Aviation (ACHR) Stock Wednesday?
Nov 12, 2025
Archer Aviation Inc ( ACHR ) shares are trading lower Wednesday afternoon, continuing a downward trend sparked by last week's mixed third-quarter financial report and strategic announcements. Here’s what investors need to know. ACHR shares are retreating from recent levels. Check the full analysis here. What To Know: While the electric vertical takeoff and landing maker reported a third-quarter loss...
Volkswagen says Rivian JV tech could extend to combustion cars in future
Volkswagen says Rivian JV tech could extend to combustion cars in future
Nov 12, 2025
PALO ALTO (Reuters) -Volkswagen Group said on Wednesday the technology it is developing with U.S. electric-vehicle maker Rivian Automotive ( RIVN ) could eventually be used in its internal combustion engine vehicles. Integration of software and electronics across platforms is crucial for Volkswagen, which has struggled to unify its technology architecture across brands after repeated delays at its in house...
INSIGHT-How a Texas refinery turns Amazon-destroying cattle into 'green' jet fuel  
INSIGHT-How a Texas refinery turns Amazon-destroying cattle into 'green' jet fuel  
Nov 12, 2025
* Cattle suppliers to Diamond Green Diesel linked to Amazon deforestation * Airlines such as JetBlue ( JBLU ) and Southwest ( LUV ) have bought fuel from Diamond * Supporters say fuel made from beef tallow is unlikely to encourage illegal ranching * By Fabio Teixeira, Manuela Andreoni and Allison Lampert XINGUARA, Sept. 16 (Reuters) - A Texas refinery...
--F.N.B. Keeps Quarterly Dividend at $0.12 a Share, Payable Dec. 15 to Holders of Record Dec. 1
--F.N.B. Keeps Quarterly Dividend at $0.12 a Share, Payable Dec. 15 to Holders of Record Dec. 1
Nov 12, 2025
03:40 PM EST, 11/12/2025 (MT Newswires) -- Price: 16.17, Change: +0.09, Percent Change: +0.57 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved