Trump tariffs hurt French wine and spirits exports

Exports to the United States slumped by 21 percent, the French Federation of Wine and Spirits Exporters (FEVS) said. The United States is the biggest importing country for French wines and spirits, accounting for 21 percent of the overall export market last year. "Geopolitical tensions, commercial conflicts, exchange rate fluctuations, and a loss of confidence by households weighed on our exports," said the Federation's president, Gabriel Picard. French and European wines are also suffering from the increase in tariffs -- first 10 percent...