Reported about 17 hours ago
U.S. wine shops and importers are expressing serious concerns over President Trump's proposed 200% tariff on European wines in response to the EU's 50% tariff on American whiskey. Industry leaders warn that such a high tariff would devastate demand for European wines, which constitute a significant portion of U.S. imports, leading to major negative repercussions for both U.S. wineries and consumers. As uncertainty looms, many retailers have paused their European wine purchases, fearing the severe impact this tariff could have on the market.
Source: YAHOO