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

President Donald Trump announced a trade agreement on Sunday with the European Union that would lower tariffs to 15%, ending what had been months of uncertainty surrounding trade with the United States’ largest trade partner.

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.

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,

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.

President Trump just announced new 30% tariffs on European Union goods. That means many items from Europe will get more expensive in the U.S. We’re talking about wine, cheese, pasta, cars — and even some medicines. Italy’s wine industry says the tariff could block 80% of Italian wine exports.