The Trump administration has agreed to avoid a proposed 100% tariff on European wines and other goods such as cheese and handbags at least through 2020. It's a move that the U.S. wine industry will likely greet with a huge sigh of relief.

CNN reported Monday that the White House said President Donald Trump and French President Emmanuel Macron "agreed it is important to complete successful negotiations on the digital services tax."

This all happened through a tweet by Macron announcing that the U.S. and France were working on a “good agreement to avoid tariff escalation.” Trump followed with a retweet of Macron’s message, commenting, “Excellent!”

The proposed tariffs had the wine industry on edge and holding its breath. Those in the industry, from importers to distributors to wine retailers, predicted the tariffs, if approved, would lead to a stunning loss of jobs and businesses throughout the U.S.

The tariffs would ultimately impact those consumers who imbibe in European wines. A bottle of Champagne that went for, say, $25, at the New Year, could jump to $50.

Chip Delsener of AHD Vintners, a distributor of European wines in Warren, said he is nervously optimistic about the pause in the proposed 100% tariffs.

More:Here's why European wine and cheese prices may be about to skyrocket

"I feel better than I did on Friday," Delsener said. "I was terrified of the 100% prospects."

The Trump administration had proposed the new tariffs in retaliation for the French imposing a digital services tax on U.S. technology companies. France's digital tax impacted companies such as Facebook and Google. Those companies were in favor of the Trump administration's new tariff.

This new tariff was on top of a 25% tariff, which remains, slapped on French, Spanish and German wines in October.

Contact Susan Selasky: 313-222-6872 or sselasky@freepress.com. Follow @susanMariecooks on Twitter.