Reference News Network, February 12 report, according to AFP, February 10 report, a trade organization said on the 10th that the tariffs in the United States severely hit the exports of French wine and spirits last year, becoming the main reason for an 8% drop in exports of this major category.
The Federation of French Wine and Spirits Exporters said that exports to the US fell sharply by 21%.
The US is the largest importer of French wine and spirits, accounting for 21% of France's exports of these products last year.
The chairman of the aforementioned federation, Gabriel Picard, said: "Geopolitical tensions, commercial conflicts, exchange rate fluctuations, and the loss of consumer confidence have affected our exports."
Wine exports from France and Europe were also affected by US President Trump's 2025 tariff on European alcoholic beverages - first 10%, then 15%.
The federation said in a statement: "Tariffs and unfavorable exchange rates in the US have significantly lowered our overall performance."
It said that economic uncertainty has affected consumer spending and wholesalers' inventory, which also acted as a drag.
In total, the value of France's wine and spirit exports fell by 7.9% to 14.3 billion euros (about 17 billion US dollars), with a 3.3% decrease in volume.
The export value of wine, which accounts for most of the total exports, fell by 4.1%. (Translated by Yang Xinpeng)
Original: toutiao.com/article/7605942265806144006/
Statement: This article represents the views of the author himself.