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Investing.com -- European wine producers expressed deep concern on Friday about the potential exclusion of wine from a list of sensitive goods in any trade agreement between the European Union and the administration of U.S. President Donald Trump, according to Reuters.
"We are deeply concerned about the potential exclusion of wine from the list of sensitive goods included in the deal package," said Marzia Varvaglione, president of the European wine producers group CEEV.
Products such as French Bordeaux, Italian Chianti, and Spanish Rioja heavily depend on the United States as their primary export market, with annual shipments valued at almost €5 billion ($5.84 billion).
Earlier this week, reports indicated the EU was close to securing concessions to U.S. baseline tariffs of 10% for aircraft and parts, some medical equipment, and alcoholic beverages. However, it remained unclear whether wine would be included in the agreement.
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