Core Points - The EU has not reached an agreement with the US to eliminate tariffs on European wine, maintaining a 15% tariff that impacts both European wine producers and the US beverage and restaurant industries [2][3][8] - The EU's efforts to negotiate tariff exemptions for alcoholic beverages have been deprioritized in favor of agreements in other sectors like automobiles and pharmaceuticals [3][5] - The French wine industry, as the largest exporter, is particularly affected, with exports to the US projected to reach €3.8 billion in 2024, making the US a crucial market for European wine [5][9] Group 1 - The 15% tariff has led to reduced revenues, halted investments, and decreased export volumes for European wine producers, raising concerns about their competitiveness in the US market [7][11] - The EU Commission remains hopeful for a compromise, with ongoing negotiations indicating that the door for tariff exemptions is not permanently closed [7][12] - The US beverage industry, including distributors and restaurants, is also feeling the pressure from increased prices of imported European wines, which could harm thousands of businesses across the country [9][11] Group 2 - In contrast to the wine industry, natural cork products have received tariff exemptions, which is seen as a significant relief for the cork industry and may indicate potential for future wine tariff negotiations [12][15] - The Portuguese Cork Association expressed satisfaction with the tariff exemption, highlighting its importance for maintaining competitiveness in the US market [13][15] - The exemption for cork products aims to stabilize costs for US wine and spirit producers, reflecting a long-standing collaboration between cork producers and American wineries [15]

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