French President Emmanuel Macron is arranging a meeting with all the affected business sectors due to the import tariffs imposed by U.S. President Donald Trump. Trump's announcement of a 10% minimum tariff on most goods imported to the United States, including a higher 20% rate for the European Union, has escalated concerns of a global trade war that could lead to increased inflation and hinder economic growth in the U.S. and worldwide.
French wine and spirits sales are expected to decline by at least 20% in the U.S. following Trump's announcement of retaliatory tariffs, according to the French wine and spirits exporters group FEVS.