A massive trade war has officially been averted! The European Parliament and Council reached a major breakthrough in Strasbourg, voting to implement the contentious trade pact with the U.S.
We’re breaking down what this means for your favorite drinks: the deal officially caps tariffs on most EU exports—including wine and spirits—at 15%. While this is an increase from the historical average of 4.8%, it beats the threat of universal, unchecked tariff hikes and gives distributors the certainty they desperately need to plan ahead.
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