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The President of the United States has reactivated the alarm in the world wine sector with a new tariff that could cause financial chaos for wine importers and raise the price of wine for consumers.
In Trump‘s words, his new measure to boost domestic production and the US economy ‘will be fantastic for the wine and champagne business in the United States’, he alludes with respect to this limiting measure with which he intends to ‘benefit US wineries’, but what it really does is to aggravate the wine crisis and restrict Americans’ freedom of choice.
The US-EU trade war now reaches another dimension with the new tariffs announced by the Trump administration, including a universal 10% tariff for all US trading partners, implementing higher rates for some such as 20% for the EU and 30% for South Africa.
U.S. importers will thus have to pay the tariffs upon arrival of the goods, leading to higher prices for consumers and financial pressure on businesses throughout the wine supply chain, from importers to retailers.
