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The alarm cry of the French wine industry

2020-02-24T18:57:06.064Z


Its representatives fear the disappearance of a fifth of jobs in the sector following US taxes.


"We can't wait for May or June." The long meeting on Saturday with the President of the Republic at the Agricultural Show did not calm fears of the wine industry. She believes "not having had all the answers (she) was waiting for" . Affected since October by a 25% surcharge on still wines exported to the United States, French winegrowers insist on the "urgency" of a response to an unprecedented crisis situation, which should cost them 300 to 400 million euros of turnover this year, out of 1.2 billion realized per year in the country of Uncle Sam.

Read also: The keys to understanding French wine victim of Trump

Certainly, the president is again committed Saturday to defend in Brussels the creation, by May or June, of a compensation fund of 300 million euros. This must counterbalance the effects of the American customs sanction in reaction to the European aid granted to Airbus. Still uncertain, the creation of this fund would be too late, according to representatives of the sector. For the past four months,

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Source: lefigaro

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