Champagne producers in France fear 200% U.S. tariff

Champagne producers in France are concerned about a new 200% tariff on their exports to the United States. This tariff, imposed by President Trump, follows recent trade tensions over steel and aluminum. The Champagne region exports nearly $1 billion worth of bubbly to the U.S. annually. Producers fear that the high tariff could severely impact their business, with prices potentially tripling for consumers. Épernay, the center of Champagne production, relies heavily on the U.S. market, which accounted for about 810 million euros in sales in 2023. The situation has created anxiety among local merchants and producers.