French Sparklers Get Reprieve From New Tariffs

Champagne and other sparkling wines from France caught a break in the latest tariff war, at least for now: They were exempt from the 25% taxes that the U.S. now aims to impose on $1.3 billion worth of French luxury goods. Cookware and cheese were also spared from the tariffs, which were announced July 10, but cosmetics, handbags and soap from France will get hit. The latest tariffs, which will take effect in January 2021,…

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