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Trump taxes: French winegrowers turn to the State and Airbus to compensate for their losses

2020-02-11T11:44:16.270Z


Since the Trump administration raised tariffs on European wines in October following an Airbus dispute, exports to the United States have plummeted.


French winegrowers, who have seen their sales collapse in the United States since the imposition of a 25% American tax on certain wines, turn to the State and to Airbus to request a compensation fund intended for them. support.

Read also: He orders the equivalent of a year of French wine supply to stay ahead of Trump's taxes

" We are asking for the creation of a compensation fund of up to 300 million euros (...) with the idea of ​​compensating those who have suffered " from the 25% customs taxes imposed by the Trump administration on wines French, Louis-Fabrice Latour, president of Louis Latour and vice-president of the Federation of Wine and Spirits Exporters (FEVS), told AFP at the Wine Paris-Vinexpo fair. The Trump administration applied 25% tariffs on French, Spanish and German wines below 14 degrees on October 18, in retaliation for the preferential treatment the EU would give Airbus.

In addition to the requests addressed to the government, a delegation of wine-growers must meet Friday the CEO of Airbus Guillaume Faury, estimating "to pay the addition " of a transatlantic aeronautical conflict which does not " concern them ", indicated other persons in charge wine-growing.

"Victims of a conflict that escapes us"

The winegrowers would like to " compensate for the 250 million euros in additional tax suffered and the 50 million euros in market loss suffered to date by the winegrowers " in the United States, said Jerome Despey, chairman of the specialized council Vins de France AgriMer, which advocates “ a dialogue in construction ”, with Airbus in particular. In total, Washington has received a green light from the World Trade Organization (WTO) to impose taxes on European goods in the amount of $ 7 billion. In this context, European aeronautics was also taxed, but up to 10%. Since then, French wine exports have collapsed by 44% in November in the United States compared to October, according to the Ministry of Economy and Finance.

" Wine is a victim, we are victims of a conflict that escapes us completely " commented Miren de Lorgeril, president of the interprofessional of Languedoc wines. " I do not have the impression that the government feels concerned, nor Airbus, the subsidies continue to be paid to Airbus and it is the wine sector that reimburses ", gets upset a trader.

Read also: Wines, planes, olives ... The sectors targeted by Trump's sanctions

Friday, in the delegation of winegrowers from Occitania who must meet the boss of Airbus, should notably include Antoine Leccia, president of the federation of FEVS exporters, and Boris Calmette, president of cooperatives in France.

Source: lefigaro

All business articles on 2020-02-11

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