Some good news, for now.
. After an initial threat back in August, the administration renewed the idea in December—and also, in a similar dispute over proposed French taxes on digital revenue, specifically named Champagne, which wasn't included in the previous 25-percent tariff scheme. All of this has put American wine importers on edge.
But finally, some good news has emerged in these ongoing disputes. Regarding the digital tax dispute, on January 20, French President , "Great discussion with [President Trump] on digital tax. We will work together on a good agreement to avoid tariff escalation."that the two parties have essentially agreed to postpone any action until 2021: France won't collect any digital taxes and America won't add any additional tariffs. .
Unfortunately, this does not resolve the much larger dispute over aircraft subsidies, and the possibility of a 100-percent tariff on all E.U. wines remains a looming possibility. Industry experts suspect that either a resolution will be reached or that this tariff will be enacted—one that would result in billions of dollars of losses for American importers, wholesalers, retailers and restaurateurs that work with wines from Europe—potentially by February 14, 2020..
Update January 22, 2020: This article has been updated to clarify which specific wine tariffs have been put on hold and which negotiations are still ongoing.
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