![]() (The Champagne bureau was one of many that didn't want to comment.) Though that isn't actually true, it's possible that he might look at Champagne as competition. In 2016 he said that he "owned the largest winery on the (US) East Coast". President Trump owns a winery in Virginia. Spain, Germany and Portugal also send significant amounts of wine to the US. Italy accounted for 33.5 percent of US wine imports in 2016, followed by France at 23.3 percent. Our two largest sources of foreign wine are both in the EU. How possible is it? The US is the world's largest wine market, with sales of $60 billion in 2016, and about one third of that market is imports. Imposing tariffs on EU wine will therefore not only have an economic, but a very clear social consequence in our region." "The region has 15,000 grapegrowers, most of these very small, who deliver their grapes to local winemakers and bottlers. "The US is our primary export market," said Manuel Pinheiro, executive committee chairman of the Vinho Verde commission. The consorzios who would talk about it aren't happy about the possibility. ![]() "We are worried and we sincerely hope that this threat will never materialize." "Tariffs represent undoubtedly an important danger for the exportation of European products to the US," Carlotta Gori, director of the Consorzio Vino Chianti Classico, told Wine-Searcher. ![]() But it's a logical development, especially after the EU slapped a 25 percent tariff on Bourbon. Most importers and foreign wineries I contacted didn't want to talk about it, perhaps because they don't want the subject in the public eye. NAFTA the Next Target for Trump Trade War But all European wines, other than the most expensive and highly sought, will be affected. If that happens, one major importer says the biggest impact will be on by-the-glass wines in US restaurants: you'll see European wines of lower quality, and more wines from outside the EU. What nobody is talking about, yet, is the possibility of the US slapping a tariff on EU wine. ![]() Most stories on the escalating US trade wars have focused on the impact on American businesses of EU (and Chinese) tariffs on products like Wisconsin cheese and Harley-Davidson motorcycles. © Public Affairs Networking | Retaliatory tax hikes make for losers on both sides with winners far and few between. ![]()
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