Latest news with #ANIA
Canada News.Net
15-07-2025
- Business
- Canada News.Net
French wine and dairy face major blow from U.S. trade move
PARIS, France: French cheese and wine exporters are voicing alarm over a proposed 30 percent U.S. tariff on European Union goods, warning that the move could severely impact the country's agricultural exports and cost tens of millions of euros in annual sales. The tariff, threatened by U.S. President Donald Trump, would target key exports like dairy products and wine, two pillars of France's food industry. "A 30 percent duty would be disastrous for France's food industry," said Jean-François Loiseau, president of food lobby group ANIA. "It's a real shock for milk and cheese producers—this is an important market for us," said Francois Xavier Huard, CEO of the dairy association FNIL. The U.S. is a significant destination for French cheeses such as Brie, as well as fresh dairy products like yogurt and butter. Huard added that the industry may be forced to "rethink its strategy relating to the markets in which it operates" as changing trade rules and tariffs become the new normal. "I don't think this is temporary," he told Reuters. France exports nearly half of its dairy production, with the U.S. accounting for roughly 350 million euros (US$409 million) annually. Tariffs could push up product prices, making them less attractive to American consumers who are already feeling the effects of inflation. "Products like wine, especially, are consumed for pleasure—if you have less money to spend, you might forgo the purchase," said Yannick Fialip, head of CNPA, which promotes French food exports. Fialip also warned that a weaker dollar has already made French goods less competitive in the U.S. market. The European Commission said it prefers a negotiated trade solution, so it extended its suspension of countermeasures to U.S. tariffs until early August.
Malay Mail
14-07-2025
- Business
- Malay Mail
French farmers fear millions in losses as Trump targets cheese, wine with new tariff threat
PARIS, July 14 — French cheese and wine producers have warned of the damaging impact that U.S. President Donald Trump's threatened 30 per cent tariffs on imports from the EU would have on the country's agriculture industry. A 30 per cent duty would be 'disastrous' for France's food industry, said Jean-François Loiseau, president of food lobby group ANIA, while Francois Xavier Huard, CEO of dairy association FNIL, said: 'It's a real shock for milk and cheese producers — this is an important market for us'. 'It's a new environment we will have to get used to — I don't think this is temporary,' Huard told Reuters on Sunday, referring to shifting rules and flaring trade tensions. He noted the industry may have to rethink its strategy relating to the markets in which it operates. France's dairy sector exports nearly half of its production, including to the United States, which imports mostly cheeses such as Brie but also fresh products like yogurt and butter. It risks losing annual sales worth tens of millions of euros, said Huard, noting the sector sells 350 million euros (RM1/7 billion) worth of dairy products to the U.S. annually. French food exporters are worried that additional import taxes could push up prices of their products beyond the reach of inflation-strapped shoppers in the United States. 'Products like wine, especially, are consumed for pleasure — if you have less money to spend, you might forgo the purchase,' said Yannick Fialip, head of association CNPA, which promotes French food exports. 'We will be less competitive,' Fialip added, noting a weaker dollar had already added pressure on exports to the U.S. The European Union said on Sunday it prefers a negotiated solution on trade with the United States, with European Commission President Ursula von der Leyen saying the bloc would extend its suspension of countermeasures to U.S. tariffs until early August. — Reuters
South China Morning Post
13-07-2025
- Business
- South China Morning Post
French wine and cheese makers say Trump's 30% tariffs would hit agriculture industry hard
French cheese and wine producers have warned of the damaging impact that US President Donald Trump's threatened 30 per cent tariffs on imports from the EU would have on the country's agriculture industry. A 30 per cent duty would be 'disastrous' for France's food industry, said Jean-François Loiseau, president of food lobby group ANIA, while François Xavier Huard, CEO of dairy association FNIL, said: 'It's a real shock for milk and cheese producers – this is an important market for us'. 'It's a new environment we will have to get used to – I don't think this is temporary,' Huard said on Sunday, referring to shifting rules and flaring trade tensions. He noted the industry may have to rethink its strategy relating to the markets in which it operates. France's dairy sector exports nearly half of its production, including to the United States, which imports mostly cheeses such as Brie but also fresh products like yogurt and butter. It risks losing annual sales worth tens of millions of euros, said Huard, noting the sector sells €350 million (US$409 million) worth of dairy products to the US annually.
Yahoo
13-07-2025
- Business
- Yahoo
French wine and cheese makers say U.S. tariffs would hit hard
By Gus Trompiz and Ardee Napolitano PARIS, July 13 (Reuters) French cheese and wine producers have warned of the damaging impact that U.S. President Donald Trump's threatened 30% tariffs on imports from the EU would have on the country's agriculture industry. A 30% duty would be "disastrous" for France's food industry, said Jean-François Loiseau, president of food lobby group ANIA, while Francois Xavier Huard, CEO of dairy association FNIL, said: "It's a real shock for milk and cheese producers - this is an important market for us". "It's a new environment we will have to get used to - I don't think this is temporary," Huard told Reuters on Sunday, referring to shifting rules and flaring trade tensions. He noted the industry may have to rethink its strategy relating to the markets in which it operates. France's dairy sector exports nearly half of its production, including to the United States, which imports mostly cheeses such as Brie but also fresh products like yogurt and butter. It risks losing annual sales worth hundreds of millions of euros, said Huard, noting the sector sells 350 million euros ($409 million) worth of dairy products to the U.S. annually. French food exporters are worried that additional import taxes could push up prices of their products beyond the reach of inflation-strapped shoppers in the United States. "Products like wine, especially, are consumed for pleasure -if you have less money to spend, you might forgo the purchase," said Yannick Fialip, head of association CNPA, which promotes French food exports. "We will be less competitive," Fialip added, noting a weaker dollar had already added pressure on exports to the U.S. The European Union said on Sunday it prefers a negotiated solution on trade with the United States, with European Commission President Ursula von der Leyen saying the bloc would extend its suspension of countermeasures to U.S. tariffs until early August. ($1 = 0.8555 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
13-07-2025
- Business
- Reuters
French wine and cheese makers say U.S. tariffs would hit hard
By Gus Trompiz and Ardee Napolitano PARIS, July 13 (Reuters) French cheese and wine producers have warned of the damaging impact that U.S. President Donald Trump's threatened 30% tariffs on imports from the EU would have on the country's agriculture industry. A 30% duty would be "disastrous" for France's food industry, said Jean-François Loiseau, president of food lobby group ANIA, while Francois Xavier Huard, CEO of dairy association FNIL, said: "It's a real shock for milk and cheese producers - this is an important market for us". "It's a new environment we will have to get used to - I don't think this is temporary," Huard told Reuters on Sunday, referring to shifting rules and flaring trade tensions. He noted the industry may have to rethink its strategy relating to the markets in which it operates. France's dairy sector exports nearly half of its production, including to the United States, which imports mostly cheeses such as Brie but also fresh products like yogurt and butter. It risks losing annual sales worth hundreds of millions of euros, said Huard, noting the sector sells 350 million euros ($409 million) worth of dairy products to the U.S. annually. French food exporters are worried that additional import taxes could push up prices of their products beyond the reach of inflation-strapped shoppers in the United States. "Products like wine, especially, are consumed for pleasure -if you have less money to spend, you might forgo the purchase," said Yannick Fialip, head of association CNPA, which promotes French food exports. "We will be less competitive," Fialip added, noting a weaker dollar had already added pressure on exports to the U.S. The European Union said on Sunday it prefers a negotiated solution on trade with the United States, with European Commission President Ursula von der Leyen saying the bloc would extend its suspension of countermeasures to U.S. tariffs until early August. ($1 = 0.8555 euros)
