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Wine and spirits industry left on ice as sector overlooked in EU-US trade negotiations

1. EU-U.S. trade deal imposes a 15% tariff on European goods. 2. Chris Swonger advocates for eliminating tariffs to boost U.S. spirits exports. 3. U.S. exports $1.2 billion in spirits to Europe, a crucial market. 4. Canada's boycott reduces U.S. spirits sales by over 66%. 5. EU spirits market heavily reliant on U.S. for economic sustainability.

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FAQ

Why Bullish?

Potential tariff elimination could increase U.S. spirits demand, including DEO’s products. Historical surges in exports following tariff adjustments support this optimism.

How important is it?

The ongoing trade negotiations may directly affect tariff rates on spirits, impacting DEO's export opportunities.

Why Short Term?

Negotiations are expected to yield quick results in tariff changes. Short-term price adjustments typically follow trade agreement announcements.

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