European wine and spirits makers urge 0% tariffs as EU-U.S. deal leaves sector in the dark

European wine and spirit makers are viewing their exclusion from the newly-etched U.S.-EU trade deal with caution as industry bodies call for a sector specific carve-out.

European Commission President Ursula von der Leyen said Sunday that a framework deal imposing 15% tariffs on EU goods imported to the U.S. did not contain any decision regarding the wine and spirits industry, adding that an agreement for the sector would be examined in the coming weeks.

An industry-wide reprieve would provide much-needed relief for the spirits sector, which has been under pressure amid waning consumer spending and shifting consumption habits.

Spirits stocks Pernod Ricard

, Remy Cointreau