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Tariff war could threaten US-Europe wine rivalry

abc.net.au —

The "Judgment of Paris" in 1976 marked a turning point for American wine, as California wines outperformed French ones in a blind taste test. This event shifted perceptions and boosted the US wine industry significantly. Currently, a potential tariff war looms as President Trump threatens a 200 percent tariff on EU alcohol in response to a planned 50 percent levy on American bourbon. France's trade minister stated the country would retaliate against these threats. Unlike in 1976, this tariff dispute could also affect US consumers, with prices for imported wines potentially rising significantly. The situation has prompted discussions about the impact on both markets and consumer prices.

With a significance score of 4.8, this news ranks in the top 3% of today's 15487 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.

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Timeline:

    [3.6]
    Trump's trade war impacts millions of American workers (dailymail.co.uk)
    21h
    Source
    [3.8]
    Border states face severe economic impact from tariffs (newsweek.com)
    1d 3h
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    [4.6]
    Proposed tariffs could raise alcohol prices significantly (wcpo.com)
    1d 16h
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    [4.7]
    Proposed tariffs may drastically increase alcohol prices (abc15.com)
    1d 16h
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    [4.6]
    Proposed tariffs threaten to raise alcohol prices significantly (tmj4.com)
    1d 16h
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    [5.3]
    Trump's fluctuating tariffs escalate global trade tensions (triblive.com)
    1d 18h
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    [4.4]
    Trump's tariffs reshape global trade and economic landscape (economictimes.indiatimes.com)
    1d 19h
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    [5.3]
    Trump adjusts tariffs, creating global market uncertainty (financialpost.com)
    1d 23h
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    [5.4]
    Trump's tariffs cause global trade uncertainty and instability (economictimes.indiatimes.com)
    1d 23h
    Source
    [4.7]
    Trump's tariffs create uncertainty in global markets (firstpost.com)
    1d 23h
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    [4.0]
    Tariff battle reshapes U.S. economy; winners and losers (nypost.com)
    2d 15h
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    [4.2]
    Canadians support EU membership as trade tensions rise (zerohedge.com)
    2d 20h
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    [4.9]
    French vintner fears impact of potential U.S. tariffs (gazette.com)
    2d 21h
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    [5.1]
    Trump's tariffs may help U.S. beer industry (cnbc.com)
    2d 21h
    Source
    [3.9]
    Shares of Pernod Ricard drop after Trump's tariff threat (thejournal.ie)
    2d 23h
    Source
    [5.4]
    Trump threatens 200% tariffs on EU alcoholic beverages (rte.ie)
    3d 1h
    Source
    [4.7]
    Trump's tariff threat could harm U.S. alcohol imports (independent.co.uk)
    3d 2h
    Source
    [5.4]
    EU imposes tariffs on $26 billion of US goods (euronews.com)
    3d 4h
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    [5.3]
    Trump threatens 200% tariff on EU alcohol imports (inquirer.net)
    3d 5h
    Source
    [5.4]
    US threatens 200% tariffs on European alcohol imports (rte.ie)
    3d 9h
    Source
    [5.1]
    Trump threatens 200% tariffs on European alcohol imports (channelnewsasia.com)
    3d 10h
    Source
    [4.5]
    EU ready to negotiate tariffs with the US (inquirer.net)
    3d 11h
    Source
    [5.5]
    U.S. wine businesses fear disaster from European tariffs (nytimes.com)
    3d 11h
    Source
    [5.5]
    Trump threatens 200% tariff on European wine spirits (japantimes.co.jp)
    3d 11h
    Source
    [5.5]
    Trump escalates trade threats against global allies (nytimes.com)
    3d 12h
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    [4.5]
    New York liquor stores fear high European wine tariffs (spectrumlocalnews.com)
    3d 12h
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    [4.0]
    Trump threatens 200% tariffs on EU wine and spirits (thesun.co.uk)
    3d 13h
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