{"id":1444492,"date":"2023-12-18T09:15:00","date_gmt":"2023-12-18T14:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1444492"},"modified":"2023-12-18T09:15:00","modified_gmt":"2023-12-18T14:15:00","slug":"visualizing-americas-one-sided-love-of-european-wine","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/visualizing-americas-one-sided-love-of-european-wine\/1444492\/","title":{"rendered":"Visualizing America’s One-Sided Love Of European Wine"},"content":{"rendered":"

Visualizing America’s One-Sided Love Of European Wine<\/span><\/p>\n

\n

When the United States and the European Union\u00a0finally buried the hatchet<\/a>\u00a0<\/strong>in a long-simmering dispute over government subsidies to Boeing and Airbus in June 2021, wine lovers in the U.S. may well have opened a bottle of Bordeaux to celebrate. <\/strong><\/p>\n

While that may sound strange, after all what does wine have to do with airline subsidies, it actually makes perfect sense.<\/p>\n

Wine was one of the products caught in the middle of a tit-for-tat tariff fight that saw the Trump administration put a 25-percent levy on certain European food and drink items,<\/strong> including wines from Germany, Spain, France and the UK.<\/p>\n

Those tariffs were suspended half a year later in a broader bid to improve transatlantic relations which had cooled notably during Trump\u2019s time in office.<\/p>\n

As Statista’s Felix Richter shows in the following chart<\/a>, America\u2019s love of wines from Southern Europe, with France and Italy especially coming to mind, is a one-sided affair. <\/strong><\/p>\n

<\/a><\/p>\n

You will find more infographics at Statista<\/a><\/em><\/p>\n

According to\u00a0Eurostat<\/a>\u00a0data, the U.S. imported more than 5 million hectoliters from France and Italy<\/strong> between August 1, 2022 and July 31, 2023 – worth roughly $4.5 billion.<\/p>\n

While Italy was by far the biggest exporter to the U.S. in terms of volume, France is leading in monetary terms thanks to its more pricey grapes.<\/p>\n

Meanwhile, Europe’s five largest wine producers imported little more than 300,000 hectoliters of wine from the U.S.<\/strong>, choosing instead to get high on their own supply, to borrow a quote from the movie Scarface.<\/p>\n

Germany is the notable example among Europe’s major wine producers, as it is the only country among the top 5 to import more\u00a0wine from the U.S.<\/a>\u00a0than it ships back across the Atlantic.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 12\/18\/2023 – 04:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/geopolitical\/visualizing-americas-one-sided-love-european-wine<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Visualizing America’s One-Sided Love Of European Wine When the United States and the European Union\u00a0finally buried the hatchet\u00a0in a long-simmering dispute over government subsidies to…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1444492","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1444492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1444492"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1444492\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1444492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1444492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1444492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}