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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 16026 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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    [5.4]
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    [5.3]
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    [4.7]
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    [4.0]
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    [4.2]
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    [4.9]
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    3d 0h
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    [5.1]
    Trump's tariffs may help U.S. beer industry (cnbc.com)
    3d 0h
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    [3.9]
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    3d 2h
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    [5.4]
    Trump threatens 200% tariffs on EU alcoholic beverages (rte.ie)
    3d 4h
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    [4.7]
    Trump's tariff threat could harm U.S. alcohol imports (independent.co.uk)
    3d 5h
    Source
    [5.4]
    EU imposes tariffs on $26 billion of US goods (euronews.com)
    3d 7h
    Source
    [5.3]
    Trump threatens 200% tariff on EU alcohol imports (inquirer.net)
    3d 8h
    Source
    [5.4]
    US threatens 200% tariffs on European alcohol imports (rte.ie)
    3d 12h
    Source
    [5.1]
    Trump threatens 200% tariffs on European alcohol imports (channelnewsasia.com)
    3d 13h
    Source
    [4.5]
    EU ready to negotiate tariffs with the US (inquirer.net)
    3d 14h
    Source
    [5.5]
    Trump threatens 200% tariff on European wine spirits (japantimes.co.jp)
    3d 14h
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    [5.5]
    U.S. wine businesses fear disaster from European tariffs (nytimes.com)
    3d 14h
    Source
    [4.5]
    New York liquor stores fear high European wine tariffs (spectrumlocalnews.com)
    3d 15h
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    [5.5]
    Trump escalates trade threats against global allies (nytimes.com)
    3d 15h
    Source
    [4.0]
    Trump threatens 200% tariffs on EU wine and spirits (thesun.co.uk)
    3d 16h
    Source