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  • French wine exports tumbled 11.3 percent last year to 8.2 billion euros as tariffs imposed by former US president Donald Trump sapped demand in France's top export market, the Federation of French Wines and Spirits Exporters (FEVS) said Thursday. Exports of French wines and spirits to the US dropped 18 percent to 3.1 billion euros ($3.8 billion) after Trump imposed 25 percent import tariffs on many wines, cheeses, olives and other European delicacies in a battle over subsidies to EU planemaker Airbus. US imports of French wines alone were down by 400 million euros on the year. "One year ago, we announced that 2020 would be a difficult year," FEVS chairman Cesar Giron said in a statement. "Our expectations were exceeded," he added, lamenting "an extremely unfavourable environment." The fallout from the trade war with the US was compounded by the Covid-19 pandemic that prompted many countries, including France, to close bars, restaurants and hotels for months among a raft of containment measures. Exports of French spirits, such as calvados and cognac, were particularly impacted by the crisis, falling 19.4 percent to 3.8 billion euros. As occasions for revelry dried up, exports to China, a key growth market, also plunged, down 15.2 percent to 809 million euros. Exports to Britain -- the second-biggest export market after the US -- were down 6.5 percent to 1.3 billion euros. The FEVS listed the situation in the US as "the most concerning." "The sanctions, which targeted our sector... jeopardise the presence of French wines on the biggest world market, the sustainability of our export companies, and even the 500,000 actors of the wine sector," Giron said. He called on the EU to spearhead attempts to resolve the trade conflict with US President Joe Biden. The United States and the European Union have been squabbling since 2004 over alleged unfair trade practices at arch-rivals Boeing, an American company, and European aerospace company Airbus. Both sides claim the other violated international trade agreements by providing state support to private companies. French President Emmanuel Macron, in a telephone call with Biden on January 24, suggested the two leaders broker a settlement to the dispute, the US channel CNBC reported on Wednesday. Biden responded that his administration would follow up with counterparts, but was "noncommittal on the outcome," CNBC said. im/cb/js/bmm
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  • US tariffs, Covid sap demand for French wines
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