Blake Leonard, head of wine and spiritual drinks at Stew Leonard, tells “morning with Maria” about the uncertainty of consumer amid President Donald Trump’s threat to impose a 200 % tariff on European alcohol.
Spirits can be high soon-at least this is a source of concern for some alcohol buyers who shop in a family-owned grocery store.
Steer Leonard, head of wine and souls, Blake Leonard The two said on Fox Business President Donald Trump’s threat to impose a 200 % tariff on European alcohol imports has inspired some shoppers to go to a possible rise in prices and store their favorite drinks.
“During the weekend … the customers were storing, and this is an uncertain time,” Leonard told Maria Bartopiromo. “We don’t know what will happen, but it does not harm the exit and seizure of your favorite wine bottle or spirit, especially Tikila or champagne.”
Trump threatens 200 % on French wine and alcohol products in the other European Union
Putting bottles of French and Italian wine are shown on a rack in a grocery store on March 13, 2025 in San Anaselmo, California. US President Donald Trump threatens a 200 percent tariff for alcohol from European Union countries. (Justin Sullivan / Getty Emokires / Getty Emoz)
Trump released the threat of customs tariffs after the European Union recently announced that it will continue to a 50 % tariff on American whiskey, and partially writes on the social truth that placing customs tariffs on European drinks “will be great for wine and champagne companies in the United States”
His threat comes amid a wave of other definitions imposed and customs tariff proposals.
The proposed definitions on European alcohol products will target popular elements such as French and Italian wine, and may push American consumers to think about wine and lives locally produced.
For example, Leonard carried a bottle of European champagne, which usually sells about $ 60. Various wine in California Made in the same style, sell for about half of the price.
President Donald Trump is walking throughout the southern grass aboard Marin at the White House on March 7, 2025 in Washington, DC (Kayla Bartkowski / Getty Images / Getty Images)
She said: “You have a lot of those opportunities through which you can replace consumers. During Covid, as we saw, they had to take place. They had to try something new,” she said.
((Command) the same thing here, SNCERRE can only be made from France in that certain region. You can go and find a wonderful bottle of some of California, so consumers will have to do this because the cost of these imported products will be expensive on the shelf. “
On the other hand, it can form products such as Tequila, which can only be made legally in Mexico, a challenge for shoppers if Definitions on alcohol imports It was also imposed there.
The members of the “Barron’s Roundtable” team talks about the impact of definitions and sharing stock choices.
Leonard said: “Mordona … they stored them. They were planning this. They really expected this to come, so they store their warehouses with the largest possible wine and lives they can now keep for about six months.”
Half of wine and souls sell Leonard currently selling from Europe. Leonard said the customs tariff would affect the sale of these products.
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Fox Business’ Daniella Genovese contributed to this report.
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