EU approves French billion-euro export credit guarantees to support wine exports to the United States.

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Canadians are known for being polite and apologetic. Yet there has been nothing polite nor apologetic about the wine industry’s response to US tariffs on Canadian goods. Corinne Keddie reports.

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Wine import volumes to Japan rose by 2.2% in 2024 while value decreased by 8%. The market shows a clear trend towards more affordable options.

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The 10% Trump tariffs threaten wine businesses throughout the US chain. Italy is creating a template on how to survive what's coming.

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In 2024, alcoholic beverages worth €29.8bn were exported to non-EU countries. Wine accounted for €16.8bn of this total, and the US market represented €8.9bn of those wine exports.

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New tariffs and a falling dollar will cause pain to the US wine drinker, US distributors and/or wine producers in other countries. Time will tell who is most hurt, and by how much.

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The International Organisation of Vine and Wine (OIV) expects global wine consumption in 2024 to be the lowest since 1961.

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If Italian exporters want to avoid price increases in the US market, they must absorb the full tariff amount from their own margins.

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President Trump has imposed tariffs of between 10% and 20% on wines from Europe and other countries. Jeff Siegel reports.

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