France and the EU Say they are Ready to Retaliate Against Cheese/Champagne Tariffs

(Reuters) “- France and the European Union said on Tuesday they were ready to retaliate if U.S. President Donald Trump acted on a threat to impose duties of up to 100% on imports of champagne, handbags and other French products worth $2.4 billion”.  Read more

“Germany and Russia follow France. European Union together produces almost half of the total global production of cheese”, Atul Mehra, Medium

“Revenue in the Cheese segment amounts to US$11,007m in 2019. The market is expected to grow annually by 1.7%”, Statista 

Share by volume – Champagne shipments in 2018,

France: 48.7%

European Union: 25.2%

Rest of the world: 26.1%

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