Source: POLITICO'S MORNING AGRICULTURE, 7/13/20

The Trump administration on Friday said it would slap a 25 percent tariff on $1.3 billion in French products, effective in six months, in retaliation for France’s digital services tax on U.S. internet giants like Amazon, Facebook and Google. But several foods that were initially listed as potential tariff targets — including French champagne and cheeses — were spared from the duties, Doug reports.

It’s a victory for U.S. wine sellers who fought against putting champagne on the final list. Many wholesalers and retailers were already burned by retaliatory tariffs on European wines in a separate standoff over EU support for Airbus.

— Industry groups estimated that an extra 25 percent duty on French sparkling wine would raise costs for U.S. importers by $179 million and force the sector to shed about 6,000 jobs.