When america and the European Union finally buried the hatchet in a long-simmering dispute over authorities subsidies to Boeing and Airbus in June 2021, wine lovers within the U.S. could properly have opened a bottle of Bordeaux to have a good time.
Whereas which will sound unusual, in any case what does wine need to do with airline subsidies, it truly makes excellent sense.
Wine was one of many merchandise caught in the course of a tit-for-tat tariff combat that noticed the Trump administration put a 25-percent levy on sure European food and drinks objects, together with wines from Germany, Spain, France and the UK.
These tariffs have been suspended half a 12 months later in a broader bid to enhance transatlantic relations which had cooled notably throughout Trump’s time in workplace.
As Statista’s Felix Richter shows in the following chart, America’s love of wines from Southern Europe, with France and Italy particularly coming to thoughts, is a one-sided affair.
You’ll discover extra infographics at Statista
In line with Eurostat knowledge, the U.S. imported greater than 5 million hectoliters from France and Italy between August 1, 2022 and July 31, 2023 – price roughly $4.5 billion.
Whereas Italy was by far the largest exporter to the U.S. by way of quantity, France is main in financial phrases due to its extra expensive grapes.
In the meantime, Europe’s 5 largest wine producers imported little greater than 300,000 hectoliters of wine from the U.S., selecting as an alternative to get excessive on their very own provide, to borrow a quote from the film Scarface.
Germany is the notable instance amongst Europe’s main wine producers, as it’s the solely nation among the many high 5 to import extra wine from the U.S. than it ships again throughout the Atlantic.
Loading…