That bottle of French wine may be getting more expensive.
That bottle of French wine may be getting more expensive.
President Trump said Monday that he plans to “do something” about the European Union tariffs imposed on American wine, saying the U.S. pays too much to export wine to France while the U.S. imposed low tariffs to import French wine.
“France charges us a lot for the wine. And yet we charge them very little for French wine,” the president told CNBC.com, adding that California winemakers have complained to him about the EU tariffs.
“So the wineries come to me and say…’Sir, we’re paying a lot of money to put our product into France, and you’re letting’ — meaning, this country is allowing — ‘these French wines, which are great wines, but we have great wines too — allowing it to come in for nothing. It’s not fair,”’ Trump said.
