US wine shops and importers say Trump's threatened 200% tariff on European wines would kill demand
President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.S.
The acquisition of U.S.-based WinesU, a leading importer of Italian and French wines, reinforces Argea's presence in the U.S.
Italian wine exports rose 5.5% to a record 8.1 billion euros last year, Farm Minister Francesco Lollobrigida said Tuesday.
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