Wine industry warns tariffs on French imports would be 'devastating'

The domestic wine industry warned the Trump administration Tuesday that Trump’s planned 100% tariffs on French products such as Champagne could cripple importers and retailers. The administration is considering the tariffs as a consequence of a fight with France over its taxes on U.S. high-tech companies.

“The impact of imposing additional tariffs on wine from France will be devastating,” the National Association of Wine Retailers told the U.S. Trade Representative’s Office in a statement filed Tuesday. It estimated that the proposed tariffs would result in the loss of $10.6 billion in revenue for wine retailers and 78,000 U.S. jobs.