Reported about 11 hours ago
Champagne producers in northeastern France face challenges as President Trump's proposed 30% tariffs on EU imports could significantly impact their main market, the U.S., which accounts for 10% of champagne exports by volume. Industry leaders are exploring new markets in Brazil, Southeast Asia, and South Africa, but shifting sales will not be easy. The tariffs threaten to raise consumer prices and could lead to job losses throughout the supply chain, while the urgency to diversify away from reliance on the U.S. market becomes apparent.
Source: YAHOO