NORM
COM:NORMANDIE-WINE
Normandie Wine
- Privately Held
news - Apr 03, 2025 - 00:40
French wine, spirits sales in US expected to fall 20% after tariff announcement
French wine and spirits exporters are facing a significant decline in sales in the United States, with exports expected to fall by at least 20% following the announcement of reciprocal tariffs by U.S. President Donald Trump. The French wine and spirits industry has already been under pressure, with exports globally declining for two consecutive years due to U.S. tariffs, a softer Chinese market, and lower prices. The United States remains the largest market for French wine and spirits, with shipments increasing by 5% in 2024 to 3.8 billion euros ($4.12 billion).
se.fashionnetwork.comnews - Apr 03, 2025 - 00:14
French wine, spirits sales in US expected to fall 20% after tariff announcement
Sales of French wine and spirits in the United States are expected to decrease by at least 20% following the announcement of reciprocal tariffs by U.S. President Donald Trump. The French wine and spirits exporters group FEVS stated that the U.S. would impose a 20% duty on imports from the European Union, affecting a significant market for French beverages. The industry has already faced pressure due to U.S. tariff threats, a softer Chinese market, and lower prices, leading to a 2% decline in global exports in 2024. LVMH, Pernod Ricard, and Remy Cointreau are among the major exporters affected.
reuters.comnews - Jan 30, 2020 - 16:23
In France's southern wine region, Trump's tariff threats are already killing business
European winemakers are experiencing significant losses due to U.S. President Donald Trump's tariff threats, which have scared away U.S. importers and affected the wine market. The threat of a 200% markup on European wines has already led to job losses and disrupted supply chains, impacting French producers like Château Terre Forte and Roger-Constant Lemaire. The European Union has announced support measures, but the situation remains uncertain.
cbc.caDescription
Normandie Wine offers a range of wines, whiskies, and spirits sourced primarily from France. The business provides consumers with liquor shopping options in the Ouistreham and Cherbourg regions.