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

Proposed global trade agreements could have consequential trickle-down effects on Napa Valley wine producers, according to industry experts.

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

The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

European Commission President Ursula von der Leyen said Sunday that a framework deal imposing 15% tariffs on EU goods imported to the U.S. did not contain any decision regarding the wine and spirits industry, adding that an agreement for the sector would be examined in the coming weeks.

The pact would set duties of 15 percent on imports of items such as wine and automobiles, or about half the 30 percent the president had recently threatened.

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U.S. President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.