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flag Starting Aug 1, U.S. imposes 15% tariff on EU wine and spirits, risking higher prices and economic losses.

flag Starting August 1, European wine and spirits will face a 15% import tariff in the U.S., as part of a trade deal between the EU and the U.S. flag Though some sectors may be exempt, wine and spirits are not included. flag This tariff could lead to significant economic losses for EU producers and raise prices for American consumers. flag The EU is seeking to negotiate exemptions for these products but faces challenges. flag The U.S. is the top export market for European wines, making up 27% of total export value.

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