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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 16843 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:

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    1d 4h
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    [5.3]
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    [4.2]
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    [4.9]
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    [5.1]
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    [3.9]
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    3d 6h
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    [5.4]
    Trump threatens 200% tariffs on EU alcoholic beverages (rte.ie)
    3d 8h
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    [4.7]
    Trump's tariff threat could harm U.S. alcohol imports (independent.co.uk)
    3d 9h
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    [5.4]
    EU imposes tariffs on $26 billion of US goods (euronews.com)
    3d 11h
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    [5.3]
    Trump threatens 200% tariff on EU alcohol imports (inquirer.net)
    3d 12h
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    [5.4]
    US threatens 200% tariffs on European alcohol imports (rte.ie)
    3d 16h
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    [5.1]
    Trump threatens 200% tariffs on European alcohol imports (channelnewsasia.com)
    3d 17h
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    [4.5]
    EU ready to negotiate tariffs with the US (inquirer.net)
    3d 18h
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    [5.5]
    Trump threatens 200% tariff on European wine spirits (japantimes.co.jp)
    3d 18h
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    [5.5]
    U.S. wine businesses fear disaster from European tariffs (nytimes.com)
    3d 18h
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    [4.5]
    New York liquor stores fear high European wine tariffs (spectrumlocalnews.com)
    3d 19h
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    [5.5]
    Trump escalates trade threats against global allies (nytimes.com)
    3d 19h
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    [4.0]
    Trump threatens 200% tariffs on EU wine and spirits (thesun.co.uk)
    3d 20h
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