US tariffs on EU wine and spirits could cost $2bn in lost sales, says coalition

7 Aug 2025

The US has imposed a 15% tariff on EU wine and spirits, potentially causing $2 billion in lost US sales and the loss of over 25,000 American jobs, according to Toasts not Tariffs, a coalition of 57 US associations. The coalition urges a special agreement to benefit businesses on both sides, as the hospitality sector faces significant damage.

Read full article at Reuters