Reported 1 day ago
The introduction of a 20% tariff by President Trump on European imports is creating significant concern for Italian wine producers and U.S. importers. With Italy being the largest exporter of wine to the U.S., the tariffs could reduce revenues by approximately 323 million euros annually and lead to a decline in U.S. consumption. While some Italian producers remain hopeful that U.S. consumers will continue to favor Italian wines, the price increases might push buyers towards cheaper alternatives.
Source: YAHOO