Wine and cheese celebrate the suspension of tariffs between the US and the EU

Published Jun 17, 2021

Tridge summary

A new agreement has been reached to suspend tariffs on European products, including Manchego Cheese and Valdepeñas wine, imposed due to the Airbus-Boeing subsidy conflict, for the next five years. This development is expected to boost the exports of these products to the US, which already accounts for half of the international trade for Manchego Cheese. Despite the pandemic and border taxes, sales of Valdepeñas wine to the US increased last year. The suspension of tariffs is seen as a significant move that will benefit many gourmet food products, with Manchego cheese sales continuing to grow among American customers. The suspension of tariffs is also viewed as a step towards a more equal trading relationship between Europe and the US, and a hopeful sign for the removal of unjustified tariffs on wines with DO in the US.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The highest spokesperson for one of the denominations of origin of Ciudad Real most recognized for its quality product, such as Manchego Cheese, has seen positive the suspension of the tariffs applied by the United States and the European Union derived from the conflict over the subsidies to Airbus and Boeing. The new agreement taken for five years will further favor the exports of this food, already successful in the American country, by having half of the share of its international trade in this market. In the same way, the Valdepeñas wine, one of the most emblematic wines in Spain, has a prominent presence among clients of this power. Sales of bottled wine from this DO to the United States increased last year, despite the situation due to the coronavirus pandemic and border taxes. Antonio Martínez, president of the Manchego Cheese Regulatory Council Foundation, applauded the decision reached in Brussels, although he clarified that fortunately neither the pandemic nor these ...

Source: Lanza Digital