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Question: How are the reciprocal tariffs threatened by Trump to take effect April 2 going to affect prices on imported European wines?
Answer: Smart question that we all are anxiously awaiting to know the answer. The latest announcement is that each country will be given their own different “reciprocal tariff number”. A more detailed update has been done on gmfus.org linked here. Obviously if tariffs go on the European wines and on the other wine regions (and all imported alcohol) likely will become more expensive. Will be interesting to see how much and the negotiations done to reduce it. Stay tuned but if you were wanting to buy some top French and Italian wines or from other fav wine regions around the world your scribe recommends you buy them soon.
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