A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.

On August 1, hundreds of countries will come to learn their fate with the United States, when President Donald Trump’s pause on “reciprocal” tariffs ends. But businesses say planning has proven near impossible after months of whipsaw trade policy.

In a landmark agreement, President Donald Trump and the European Union have reached a pivotal trade deal, eliminating tariffs for three major European export sectors to the U.S.

Balancing economic interests and security concerns, European officials said they got the best deal possible with President Donald Trump, but critics said Brussels ceded to pressure.

U.S. agreement, secured by President Donald Trump in Scotland, imposes a 15% tariff on most European goods but does not outline a tariff for the wine and spirits industry.

European goods entering the US will face a 15% tariff following an agreement between President Trump and European Commission President Ursula von der Leyen. While the deal avoids a harsher 30% tariff,

A new trade deal imposing 15% tariffs on EU imports to the U.S. currently excludes the wine and spirits industry. Spirits stocks reversed early gains Monday as uncertainty around their tariff exposure seeped in.