Headlines
France's FEVS wine and spirits lobby says U.S. tariffs pause is "half good news"
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
The U.S. has paused most tariffs on French wine, reducing them from 20% to 10%. This move is seen as 'half good news' by FEVS, with potential price increases and decreased consumption in the U.S.
PARIS (Reuters) - The head of the French wine and spirits lobby group FEVS said on Thursday that U.S. President Donald Trump's decision to pause most tariffs was "half good news."
Nicolas Ozanam told Reuters the move will initially enable companies to resume shipments at 10% instead of 20%, and therefore at the same level as all other suppliers.
"In a rather inflationary context, and with a sliding dollar, this will still lead to a rise in prices and therefore a drop in consumption in the United States," he said.
(Reporting by Sybille de la Hamaide; Writing by Dominique Vidalon; Editing by Sudip Kar-Gupta)
The article discusses the U.S. pause on tariffs for French wine and spirits and its implications.
Prices may rise due to inflation and a sliding dollar, despite the tariff reduction.
Nicolas Ozanam, head of the FEVS, commented on the tariff pause.
Explore more articles in the Headlines category
