Trump’s trade battle with Europe puts a damper on enthusiasm for a celebrated French wine

Nov 21, 2019

(CNBC) - Every year on the third Thursday of November, at exactly 12:01 a.m., the French release their celebrated first wine of the harvest — the crisp and fruity Beaujolais Nouveau.

This year, for American drinkers, the pleasure of sipping the young wine — which is meant to be consumed by the end of December — will be a little more expensive, due to a new 25% duty.

Last month, the Trump administration slapped retaliatory tariffs on French wine, Italian cheese, single-malt Scotch whisky and hundreds of other European products. The duties actually stem from a long-running trade battle between U.S. aerospace titan Boeing and European rival Airbus

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