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Europe Expects Spirits, Wine to Be Hit With 15% Tariff

EU wine, spirits to face 15% US tariff from August 1, EU says

European wine and spirits will face a 15% U.S. import tariff until a different deal is agreed in talks expected to continue in the autumn, the European Commission and EU diplomats said on Thursday, dashing producers' hopes of an immediate reprieve.

Wall Street Journal · 3h

Europe Expects Spirits, Wine to Be Hit With 15% Tariff on Friday

The European Union expects wine and spirits exported to the U.S. will face the baseline 15% tariff from Friday, as the clock runs down for levies to kick in. The U.S. and EU are ironing out the finer details of a trade agreement reached Sunday.

USA TODAY on MSN · 19h

How Trump's 30% tariff on European wines could hurt US companies

The hike could destabilize the long-entrenched import, distribution and retailing system while not providing much export potential for US wineries.

Trump's trade deal with EU

The Economist · 5h

The trade deal with America shows the limits of the EU’s power

The EU ’s other big concession was cutting its own tariffs on American cars and other industrial goods to zero, as well as giving some farm and fishery products better access to the European market. The liberalisation affects about a quarter of America’s exports to the EU, including cars and footwear; the rest already enter tariff-free.

CBS News on MSN · 1d

Did the U.S. or the EU emerge as the winner in Trump trade deal?

The deal, announced Sunday by President Trump and European Commission President Ursula von der Leyen, imposes a 15% U.S. tariff on most EU imports, while American goods exported to the union's 27 member countries will face no tariffs. Previously, U.S. exports to the EU faced an average tariff of roughly 1%, according to Goldman Sachs analysts.

USA TODAY on MSN · 2d

Trump's trade deal with the EU: What it means for your wallet

Tariffs, including the 15% rate for most imports from the EU, would raise consumer prices by 1.8% in the short run, according to the Yale Budget Lab.

Google backs EU's AI code

Computerworld · 5h

Google backs EU’s AI code despite concerns over innovation risks

Google has said it will adopt the EU’s voluntary code of practice for general-purpose AI, despite expressing concerns that the AI Act and accompanying code could hinder Europes

The Financial Times · 1d

Google set to sign EU code of practice on development of AI

Move set to boost efforts to regulate artificial intelligence in face of opposition from Meta and pressure from US

Engadget on MSN · 1d

Google will sign EU's AI Code of Practice

Google says it will sign the European Union’s new AI Code of Practice, which provides a framework for compliance with the EU’s AI Act. The act itself was passed in 2024, but its many provisions will take months to years to come into effect.

1hon MSN

EU considers pooling demand from companies to buy more US gas

The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its ...

18hon MSN

Former Clinton adviser says Trump's EU trade trip 'absolutely' a success, Europeans 'came scrambling'

Former Clinton adviser calls Trump's European trade negotiations an "absolute success" as EU agrees to major deal involving ...

2don MSN

How the US-EU trade deal wards off more escalation but will raise prices and slow growth

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal. It ...

Romania cuts EU-funded recovery funds package to 21.6 billion euros

Romania will be able to draw roughly 21.6 billion euros ($24.65 billion) worth of EU recovery funds after it concluded ...

18hon MSN

18 countries apply for EU billions as Europe seeks to provide for its own security without the U.S.

The Security Action for Europe fund is a $173 billion program of cheap loans that member countries, Ukraine and outsiders ...

2don MSN

US stocks close mostly higher after EU trade deal: Busy earnings week and Fed meet ahead

US stocks close mostly higher on an EU trade deal. S&P 500 and Nasdaq hit records, but Mag Seven earnings and the Fed meeting ...

21hon MSN

EU climate goals at risk as ailing forests absorb less CO2, scientists say

By Alison Withers, Kate Abnett and Simon Johnson COPENHAGEN/BRUSSELS/STOCKHOLM (Reuters) -Damage to European forests from ...

Bybit EU Lists Impossible Cloud Network Token (ICNT), Launches 300,000 ICNT Token Splash Campaign

Bybit EU has announced the listing of Impossible Cloud Network Token (ICNT), the native asset of the Impossible Cloud Network ...

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