The United States suddenly looks the least nets of European wine.
President Donald Trump Thursday A 200 % tariff threatened On European wine, champagne and spirits if the European Union advances with a 50 % tariff for American whiskey. Wine sellers and importers said that a tariff of this size would mainly close European wine work in the United States
“I don’t think customers are ready to pay two to three times for their favorite wine or champagne,” said Ronnie Sanders, CEO of Fine Street Wards in the town of Jabal Laurel, New Jersey.
Jeff Zakaria, President of Fine Wine Retailr Zachys in Port Chester, New York, said 80 % of the wine he sells from Europe. He said that importers depend on European wines for a large part of their distribution system, and there is not enough American wine to compensate for that.
He said: “This will only have a major negative impact on the entire American wine industry in all its aspects, including American wine factories.”
Zakaria said that there are a lot of unknown people at the present time, stop buying European wine until the picture becomes more clear.
“It is very difficult to make preparations when you don’t have a clear way,” he said. “Our preparations will be completely different if it is 200 % compared to 100 % compared to 10 %.”
vintageThe spirits of the European Union constitute 27 countries 17 % of the total consumption in the United States in 2023, according to IWSR, a global provider of data and insight in alcohol. Of 17 %, Italy made up 7 % – most of them wine – French wine, CONAAC and Vodka represent 5 %.
In general, the United States imports much alcohol than it is issued. The alcoholic beverages produced from a foreignian -$ 26 billion that entered the country in 2022 represented 14 % of all American agricultural imports, according to the US Department of Agriculture. The United States has confiscated $ 3.9 billion of beer, wine and distilled spirits that year.
Martin Ludws, IWSR US -US, said that the 200 % customs tariff will not be unprecedented, but import duties of this size tend to be more targeted.
In 2020, China imposed definitions of up to 218 % on Australian wine, causing 90 % decrease in exports. ChinaRaisingLast year, but by that time, the wine industry in Australia achieved great success.AustraliaThe value of the wine trade to China amounted to $ 1.1 billion ($ 710 million) annually before setting a customs tariff.
Europe tax onAmerican whiskeyWhich was revealed in response to the Trump administrationSteel and aluminum tariffIt is expected to goImplementation on April 1. Trump responded on Thursday in the social media publication.
“If this customs tariff is not removed immediately, the United States will shortly after a 200 % tariff for all wine, champagne, alcoholic products that come out of France and other countries represented by the European Union. This will be great for wine and champagne work in the United States.”
Trump was incorrectChampagnea job. Champagne is a legal protected wine that can only come from the Shampania region in France. But American wine makers – including Trump, a wine factory, a Virginia wine factory owned by President Eric Trump – make sparkling wine.
It was a reaction from all parts of the Atlantic Ocean fast Thursday.
“We must stop a dangerous escalation that leads to a global trade war as it will be the first victim of American citizens to pay more against products, and with them, farmers,” said Itor Brandini, head of the agricultural lobby in Italy.
Export Italian wine to the United States –Leaded by BrosicoThe value has multiplied three times over the past twenty years and reached 1.9 billion euros (2.1 billion dollars) last year. In France, the value of the American market for wine and lives is 4 billion euros ($ 4.3 billion) annually.
Gabriel Picard, who heads the French Federation for Wine Exporters and Spiritual Drinks, said 200 % of the definitions will be a “hammer kick” for the alcohol export industry in France, which affects hundreds of thousands of people.
“A single bottle will not continue to speed up if a 200 % tariff is applied to our products. Picard said in an interview with Associated Press that all exports to the United States will reach a total, total, stop.”
French carrier Gain De Sail, which is usedSailorOn Thursday, some wine makers had already canceled wine shipments to the United States because they were expecting customs tariffs even before Trump’s announcement.
“It has more or less frozen exports.” Jack Barrow, co -founder of the company, said: “There is no use in the hope of sending wine to the United States under these circumstances.”
Some wine stores have seen our opportunity Thursday. In Washington, the CORK wine tape has announced an introductory sale, encouraging the regime to get out of their favorite wine while they are still accessible to everyone.
Others wondered loudly if Trump would fight a 200 % tariff.
“It has changed by the time now, right?
Others seem to want to stay outside the battle. Total Wine, who runs 279 stores in 29 US states, did not respond to a comment on Thursday.Southern wine and livesAlso, one of the largest alcohol distributors in the country was also responding to a message seeking a comment.
This story was originally shown on Fortune.com
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