All it took was an all-caps social media threat by President Trump to impose a 200 percent tariff on European wine for the shipments of many Brunellos, Chiantis and Proseccos to come to a shuddering halt. In Tuscany, Italy’s most famous wine-exporting region, thousands of bottles meant for American tables are stranded in the wineries’…
French Champagne producers do nearly a billion dollars’ worth of business with the United States every year. But on Friday in Épernay, the world capital of sparkling wine, the only number on anybody’s lips was 200. That was the percent tariff that President Trump has threatened to impose on Champagne and other European wines and…
It’s not clear who will benefit if President Trump follows through on his threat to impose 200 percent tariffs on all wines and alcoholic beverages from the European Union, but it certainly would not be American consumers. The tariff warning was posted by Mr. Trump on social media Thursday in retaliation to 50 percent tariffs…
NEW DELHI: Amid pressure from the United States, govt has slashed the import duty on bourbon whiskey from 150% to 100% and lowered tariffs on several varieties of wines.Duty on wines made of fresh grapes, and vermouth, as well as some other fermented beverages and unadulterated ethyl alcohol with 80% alcohol strength have been cut…
Hermann Goering, Hitler’s right-hand man, survived the cut. His bottles of wine — part of a collection seized by the Soviet army as a trophy at the end of World War II and deposited in a labyrinthine underground cellar in Moldova — are still on display. A gift of 460 bottles given in 2013 to…
NEW DELHI: Primarily whisky drinkers, Indians are now increasingly taking to wines and other spirits too. The market here is seeing a shift towards premiumisation, which Moet Hennessy India – a part of the world’s largest luxury group Louis Vuitton Moet Hennessy – views as a big opportunity to grow here. And once in-the-works free…