Many importers halt shipments on chance White House makes good on threat of 200% markup on European goodsAs the threat of exorbitant US tariffs on European alcohol imports looms, a warehouse in the French port city of Le Havre awaits a delivery of more than 1,000 cases of wine from a dozen boutique wineries across the country.Under normal circumstances, Randall Bush, the founder of Loci Wine in Chicago, would have already arranged with his European partners to gather these wines in Le Havre, the last stop before they are loaded into containers and shipped across the Atlantic. But these wines won’t be arriving stateside anytime soon. Continue reading...
US wine importers and bars are anxious as they await a decision on potential tariffs of up to 200% on European alcoholic products, with many halting shipments. The threat has created uncertainty and could be catastrophic for the industry, potentially weakening distribution channels and increasing prices. The US Wine Trade Alliance advised members to cease EU wine shipments due to the risk of tariffs being applied to already shipped goods.
