On December 30, the United States announced that it would impose a 25% tariff on certain cognac, other grape brandies, and non-sparkling wines imported from France and Germany. According to the Federal Register notice, the tariff will be imposed only on these products not holding over 4 liters valued at over $38 per proof liter. U.S. authorities indicated that the additional tariffs mirror the EU approach to determining value of products from the U.S. in the application of tariffs. The tariff is set to take effect on January 12.
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Posted on 13 January 2021