A looming trade #tariff of up to 100% on all European Union countries selling wine to the United States could have a dramatic effect on wine sellers, importers, sommeliers and consumers.
For wine sellers, importers and sommeliers, the holiday season is traditionally the busiest time — but this year, it came with a shot of uncertainty and existential dread.
That’s thanks to a looming trade tariff of up to 100% that would affect all European Union countries selling wine to the United States, where imported wine is a $20-billion-a-year industry. This follows a round of 25% tariffs levied in October against Spain, France, Germany and the United Kingdom.
If the tariffs are levied, American wine drinkers would be faced with fewer wines coming to America from the EU (especially those made by small, independent producers) and higher prices on the bottles that do make it in.
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