-
Ukraine irrelevant to Russia and IOC's relationship: Russian minister
-
Manchester City brace for hostile Liverpool reception after guilty verdict
-
Brennan keeps his cool in Japan for third PGA Tour victory
-
Brazil's Lula accuses Meta of election interference
-
Bezzecchi wins in Indonesia as Martin retakes MotoGP championship lead
-
South Korea completes trial of Arctic shipping route
-
US Open finalist Shelton dumped out in Shanghai third round
-
アレックス・ボディ、CRIFとともに透明性の高い投資と徹底した資金洗浄防止に注力
-
India releases 'cockroach' leaders as movement calls for more protests
-
Brennan holds off Schauffele for PGA Tour win in Japan
-
Ο ALEX BODI δίνει έμφαση, σε συνεργασία με την CRIF, στις διαφανείς επενδύσεις και στη συστηματική πρόληψη της νομιμοποίησης εσόδων από παράνομες δραστηριότητες
-
ALEX BODI satsar tillsammans med CRIF på transparenta investeringar och ett konsekvent arbete mot penningtvätt
-
ALEX BODI sází ve spolupráci s CRIF na transparentní investice a důslednou prevenci praní špinavých peněz
-
ALEX BODI stawia wraz z CRIF na przejrzyste inwestycje i konsekwentne przeciwdziałanie praniu pieniędzy
-
एलेक्स बोदी क्रिफ के सहयोग से पारदर्शी निवेश और धनशोधन की कड़ाई से रोकथाम पर ज़ोर देते हैं
-
알렉스 보디, CRIF와 함께 투명한 투자와 철저한 자금세탁방지에 주력
-
ALEX BODI 攜手 CRIF,推動透明投資並貫徹洗錢防制
-
ALEX BODI turns to CRIF for transparent investment and rigorous money laundering prevention
-
Indian court releases 'cockroach' movement leaders from detention
-
The 'cockroach' protests against India's election body
-
Indonesia releases eight orangutans rescued from fires to protected forest
-
Power, water, jobs: Google on India data centre concerns
-
Russian Yandex data centre operations disrupted after drone strike
-
Google faces backlash against India data centre
-
Architect fights to save India's past, built on 'stone, tears and sweat'
-
Trump urges Zelensky replacement as diesel row rages
-
Hurricane Simon strengthens as it nears western Mexico
-
New Yorkers snap up discarded subway signs, seats at annual sale
-
'Everyone is angry': Okinawans fearful and frustrated after killing
-
Messi nets brace to win in first match after Argentina exit
-
Trump's trade wars sting US manufacturers ahead of midterms
-
Ravindra fit for New Zealand ODI series against India
-
Kenyan great Kipchoge wins first marathon in three years
-
All Blacks lose four players for second Wallabies Test
-
Barca extend perfect streak, Real Madrid survive Vinicius red
-
Spanish women return to action with 2-0 friendly win over USA
-
PSG ease to Ligue 1 win before Manchester City test
-
Bordeaux-Begles end wait for away win before Champions Cup defence
-
Real Madrid edge Villarreal, Vinicius sent off for hair pull
-
Traumatized Panamanians begin quake recovery
-
Carrick demands more 'streetwise' Man Utd after Spurs setback
-
Palestinian Mahmoud Abu Hamda wins top photography prize at Bayeux
-
10-man Tottenham ramp up pressure on Man Utd boss Carrick
-
Inter Milan dominate Parma to go top of Serie A
-
India 'cockroach' movement says thousands detained in Delhi protest
-
Barca extend perfect streak, Atletico scrape late win
-
Injury ends season for NHL Rangers star goalie Shesterkin
-
10-man Tottenham strike back to hold Man Utd
-
Ten-man Spurs rescue draw at Man Utd, Arsenal survive Leeds scare
-
Gordon nets first Barca goal as Liga leaders beat Getafe
'Everyone worried' by Trump tariffs in France's champagne region
With the United States the largest export market for champagne, producers of France's leading sparkling wine had little to celebrate on Thursday about facing an additional 20 percent tariff, although they held out hope for negotiations.
"We're all worried about the decisions made by the American president," said David Chatillon, copresident of the Comite Champagne that is the trade association for the industry.
Trump spared almost no nation on Wednesday, hitting friends and foes alike and reserving some of the harshest tariffs for major trade partners, including the European Union and China.
EU products will face an additional 20 percent tariff from next week.
Some chose to look at the decision as a glass half full as Trump had threatened last month to slap EU wine and alcohol with 200-percent tariffs, and singled out champagne.
"So with that, we've gone from 200 percent to 20 percent, and no specific sectors," said Vitalie Taittinger, who heads up her family's namesake champagne house.
Trump's use of the word of reciprocal in describing the measures "can lead one to think that there's hope and room for negotiation," she told AFP.
The champagne house, which ages its wines in cellars adapted from chalk pits dating from the 4th century, exports some 600,000 bottles annually to the United States, its second-largest market.
Taittinger said she hopes the EU and United States can avoid public posturing and a political overreaction and to engage in measured negotiations to find a resolution.
- 'Additional burden' -
Maxime Toubart, the other copresident of the Comite Champagne said "the entire industry is mobilised against this tax" which "puts in danger our presence on the American market" as well the economic viability of the sector and the Champagne region.
The trade group said champagne is "a key element of the French economy" with nearly six billion euros ($6.7 billion) in annual sales.
Nearly 30 million bottles of champagne worth 810 million euros were exported to the United States last year
"With these 20-percent tariffs we'll have a drop in volumes, but that doesn't mean that the (US) market is finished for us, which could have been the case with 200-percent tariffs," said Christine Sevillano, head of the Champagne independent vintners trade association.
But the additional US levies are "an additional burden to all of those that we already have," said Sevillano, pointing to climate change and regulatory directives.
"The United States is after all a very important market which had been rising in terms of volume and value recently," she added.
- 'Won't give up' -
Sevillano, who exploits nearly eight hectares (20 acres) in the Marne river valley, said small independent vintners are at a disadvantage compared to large champagne houses, as developing export markets is costly and time consuming.
"Were my investments just money for nothing? Will my new partners work with me? I don't know."
But Sevillano said she "won't give up because it's a lot of money, after all".
She expressed hope that politicians on both sides of the Atlantic would opt to deescalate the situation and find a solution.
The wider wine and spirits sector also hopes negotiations could lead to the additional tariff being removed.
In 2024, the EU shipped eight billion euros in alcoholic beverages to the United States, its top export market. Wine accounted for five billion of those exports.
cor-vid-etb-kau/rl/rmb
L.Dubois--BTB