{"id":134286,"date":"2025-03-15T02:42:54","date_gmt":"2025-03-15T02:42:54","guid":{"rendered":"https:\/\/peraltafinancing.com\/alcohol\/wine-businesses-fear-disaster-in-threat-of-huge-tariffs\/"},"modified":"2025-03-15T02:42:54","modified_gmt":"2025-03-15T02:42:54","slug":"wine-businesses-fear-disaster-in-threat-of-huge-tariffs","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=134286","title":{"rendered":"Wine Businesses Fear Disaster in Threat of Huge Tariffs"},"content":{"rendered":"


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It\u2019s not clear who will benefit if President Trump follows through on his threat to impose 200 percent tariffs<\/a> on all wines and alcoholic beverages from the European Union, but it certainly would not be American consumers.<\/p>\n

The tariff warning was posted by Mr. Trump on social media Thursday in retaliation to 50 percent tariffs on American whiskey and several other products announced by the European Union, which were themselves a response to a set of U.S. tariffs that took effect last week.<\/p>\n

Mr. Trump said in his post<\/a> that tariffs \u201cwill be great for the wine and Champagne businesses in the U.S.\u201d But American wine producers don\u2019t necessarily see it that way.<\/p>\n

\u201cOn the surface, it may look like a boon, but if you look underneath, I think you realize it\u2019s really damaging to our industry at a time when we really don\u2019t need this,\u201d said John Williams, the proprietor of Frog\u2019s Leap,<\/a> a family-run wine producer in the Napa Valley.<\/p>\n<\/div>\n