The Comité Européen des Entreprises Vins (CEEV) expresses deep disappointment following the publication of the EU-US Joint Statement on the Framework Trade Agreement, which fails to include wine among the sectors exempted from the newly 15% US general tariff. This omission is especially concerning given wine’s status as a flagship European export and its significant contribution to value creation across the US supply chain.
The EU wine sector exported over €4,88 billion worth of wine to the US in 2024 alone, making it the largest destination market for European wines. In parallel, for every $1.00 generated by European wine exports to the US, American distribution and hospitality sectors earn $4.50.
The 15% US tariff in place since the beginning of the month is damaging the sector and will continue to reduce our turnover, suspend investments, and decline export volumes.
CEEV strongly insists that wine should be included in the upcoming discussions between the US and EU authorities.
“We remain confident that our products will be among those benefiting from a special regime, with only MFN tariffs applying”, states a note signed by representatives of the CEEV. “It is urgent to eliminate this damaging tariff and protect a sector that delivers prosperity, sustainability, and connection”.
