US-EU-TARIFF-TRADE-DIPLOMACY-WINE

Michael Warner, co-founder and Chief Operating Officer of DCanter, holds a bottle of wine affected by tariffs at DCanter, a boutique wine store, in Washington, DC, August 19, 2025. While the European Union reached a deal with US President Donald Trump to avert massive tariffs on goods from the bloc, details of the pact released on August 21, 2025 showed that wines and spirits are not exempted from the 15-percent duty. The new EU rate took effect this month, replacing a 10-percent levy Trump imposed in April on most trading partners. But even the lower tariff has forced importers to hike prices -- and retailers are feeling the pinch. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)