Organizers representing the French wine sector hope that future US President Joe Biden will enable Europe and the US to settle their trade disputes that had escalated during the presidency of incumbent Donald Trump and had greatly damaged French wine exports, RFI reported.

In mid-2019, Trump imposed a 25-percent customs duty on French bottled non-sparkling wines as well as on alcoholic beverages from some other European countries, and this dramatically increased the price of French wines in the US. The tax was imposed by Trump during a "trade dispute" between the French Airbus and its US rival, Boeing.

That decision had serious consequences in the French wine industry. French companies lost up to one million euros a day, and the total damage amounted to about 400 million euros per year.

US President-elect Joe Biden, however, has said little about this trade dispute between Europe and the United States.