Worries for DC-area wine business if threatened tariffs on European wines, liquors are imposed
- The Shed Distillery expressed concern that U.S. President Donald Trump's potential 200% tariff on alcohol imports could threaten their operation in the U.S. Market, as stated by Pat Rigney, the founder.
- Ibec reported that Irish spirits exports to the U.S. Reached £700 million last year, representing 46% of sales overseas.
- Trump's proposed tariffs could significantly impact European drinks producers, as noted by Trevor Stirling, managing director at Bernstein.
- Despite potential tariff disruptions, the local beer industry might benefit from the situation amidst declining sales in other segments.
65 Articles
65 Articles
WineInk: Barolo and Barbaresco come to America
Take a look at any number of Aspen wine lists, especially those in Italian hotspots like the long-loved Ellina and the newly opened Aosta Ristorante and Sant Ambroeus, and you’ll find that the local wine community is smitten with the nebbiolo grape. The Barolo and Barbaresco wines made from the grape hold a special place — and a large number of pages — on our local lists. Next week on March 25 in Austin, Texas, many of the producers (over 150) a…
Worries for DC-area wine business if threatened tariffs on European wines, liquors are imposed
The threatened tariffs on imported wines and liquor from European Union member countries would be a death knell for businesses that sell wine and spirits, including one bar and market in D.C. “If this does come to pass, prices are going to go up, and they’re going to go up a lot,” said Diane Gross, the owner of Cork Wine Bar and Market, which has been in business for 17 years on 14th Street. Its Massachusetts Avenue shop in the Spring Valley are…
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