Wine and spirits industry warns of price hikes amid proposed tariffs
Source: Scripps News
Posted 2:46 PM, Mar 15, 2025
With President Donald Trump eyeing major tariffs on alcohol, a significant trade association warns that the decision could cause prices to soar.
The Wine and Spirits Wholesalers of America cautioned that tariffs could threaten to “upend a market that relies on the availability of single-origin, geographically designated products that have strong consumer demand and are irreplaceable.”
The group states that 30% of wine and spirits by volume are imported. Imported wine accounts for 35% of all wine and spirits revenue in the U.S., according to the association.
“Given the challenges the wine and spirits industry has already faced—especially with 2024 being one of the most difficult years in decades, according to SipSource data—businesses across all three tiers, from suppliers to wholesalers to retailers, are in no position to absorb such drastic cost increases,” Wine and Spirits Wholesalers of America President Francis Creighton said. “While individual companies will make their own choices, the vast majority will struggle to manage these added expenses. At the end of the day, these tariffs, if implemented, won’t just hurt our industry; they will directly raise prices for American consumers.”
Read more: https://www.scrippsnews.com/politics/president-trumps-first-100-days/wine-and-spirits-industry-warns-of-price-hikes-amid-proposed-tariffs
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Waitaminute. Aren't tariffs paid by the country where the tariffs are put? That's what 💩 said and he has a really good brain so he should know, right?
And, thank you for posting it! 