Business

Macron Summons Crisis Meeting as US Tariffs Threaten French Wine and Spirits Industry

Emergency Talks Called by Macron Over US Tariffs

French President Emmanuel Macron has taken swift action in response to the recent announcement of new tariffs by the United States. He has called for an emergency meeting with industry leaders at the Elysee Palace to discuss the potential impacts on French exports.

Trump's Tariff Announcement Sparks Concern

The decision by President Donald Trump to impose a minimum 10% tariff on most imports, with a steeper 20% rate specifically targeting European Union goods, has sent shockwaves through several sectors. The French wine and spirits industry, in particular, is bracing for a significant downturn in US sales.

Industry Warns of Severe Consequences

The Federation of French Wine and Spirits Exporters (FEVS) has already voiced concerns, predicting a potential drop of at least 20% in sales to the US market. This development poses a serious threat to one of France's most lucrative export sectors.