Wines and spirits from the EU are not included in the tax reduction list, and exporters may face huge losses.

Jin10 Data reported on August 22 that the tax reduction list announced by the EU and the US does not include important sectors for the EU such as wine and spirits, and the tariff rate for these categories remains at 15%. In response, a representative from the relevant French industry association expressed great disappointment with this result on the 21st, stating that it will result in losses of over 2 billion euros for EU wine and spirits exporters.