If the rates are realized, “most of the damage is assumed by wine producers”, warns Anceve. Portuguese wine needs “a new porter plan”.
The president of the National Association of Traders and Exporters of Wine and Spiritual Beverages (Anceve), Paulo Amorim, said on Monday that “the US stopped orders of Portuguese wines and wines from Europe.”
“Uncertainty is terrible and with uncertainty the distribution chain in the United States has stopped orders of Portuguese wines and wines from Europe and, therefore, at this moment we are facing a terrible problem and We are not able to sell”, Said the president of the association.
Paulo Amorim also fears that, to realize the rates, “most of the damage is assumed by wine producers”which considers a “gigantic injustice”.
The official spoke to journalists after meeting, together with 16 other sectoral associations, the Minister of Economy and the Minister of Agriculture and Fisheries in Lisbon, as part of the tariffs announced by the president of the United States.
The President of Anceve also said that Portuguese wine needs “a new porter plan”that “help promote Portuguese wine in a more dynamic way”, given that “wine takes the name of Portugal”.
EU tariffs suspended until July 14
The contracted advertised by the European Union (EU) to respond to customs imposed by the United States to community steel and aluminum are suspended between Monday, April 14, and July 14, to allow negotiations, has officialized the European Commission.
“The European Union has suspended its counterfeit in relation to unjustified commercial tariffs imposed by the United States in order to give time and space for negotiations between EU and the USA”, Announces in a statement the community executive, who holds the competence of commercial policy in the community space.
To this end, the institution adopted on Monday-a week after the announcement of such suspension, which was due to the American in the application of reciprocal tariffs of 20% to the EU-two legal acts that impose and suspend their counterfeit, with effect until July 14 this year.
In total, the now suspended community response covers 21 billion euros from exports from the United States And, besides these, “the preparatory work on other EU countermearts” that may be adopted.
For Brussels, Washington’s new customs rights are “unjustified and harmful, at the risk of causing economic damage to both parties, as well as the world economy.”
It is certain that the EU prefers to dialogue with its transatlantic partner and, therefore, European Commerce Commissioner, Marošefčovič, is in Washington for meetings with his US counterparts to explore the ground for a negotiated solution.
Adoption of the decision arises at a time of marked commercial tensions after Donald Trump’s advertisements for the imposition of for steel, aluminum and European cars and 20% in reciprocal tariffs to the community bloc, the latter in the meantime suspended for 90 days.
This suspension calmed the markets, which have been registering serious losses, and was greeted and seconded by the EU, which suspended, during the same period, 25% rates to US products that had approved on Wednesday in response to those applied by the United States to European steel and aluminum.
The European Commission has opted for prudence and this caution is supported by countries like Portugal.
Brussels wants, in this 90 -day break, to be able to negotiate with Washington, after having already proposed zero rates for industrial goods in trade between both blocks.
European Commission calculations report that new US customs rights They can imply losses of 0.8% to 1.4% in the US Gross Domestic Product (GDP) by 2027this percentage of 0.2% of GDP in the case of the EU.
In the worst scenario, that is, if customs rights are permanent or other contracted, the economic consequences will be more negative, up to 3.1% to 3.3% for the United States and 0.5% to 0.6% for the EU.
Globally, the community executive estimates a 1.2% loss in world GDP and a 7.7% drop in world trade in three years.
