Wine Spectator: Tariffs On Every Bottle Of Imported Wine

Every bottle of wine imported into the United States will be more expensive, if the tariffs announced last week by President Donald J. Trump continue as planned. All foreign wines face minimum tariffs of 10%. And beginning April 9, several nations will be hit with even higher duties. Wines from France, Italy, Germany, and Spain face tariffs of 20%. Wines from South Africa will be tariffed at 30%, and wines from Israel at 17%. Wines from Australia, New Zealand, Chile, and Argentina all face 10% tariffs.

For the wine industry, the tariffs are triggering fear of another blow to a sector already struggling. Foreign wineries, which have already been grappling with higher production costs and declining sales, are debating whether they can swallow some of the costs of the tariffs or whether they need to accept price increases that will make their products less competitive. A third option is to simply seek alternative markets, pulling their wines from American store shelves and restaurant lists. Wine Spectator has the full story.

Tagged : Tariffs, Wine Spectator

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