Wednesday, April 9, 2025

Wine distributors, winemakers, not to mention wine drinkers, are big losers with Trump tariffs


Headline:  New York Times, 4/3/2025


Eric Asimov reports on how the Trump tariffs create a double whammy for wine distributors and winemakers:
American wine producers might seem to benefit, and they may for a time gain a larger share of the domestic market. But prices for American wines, too, will rise, as distributors, most of whom also depend on imported wines, try to make up for lost profits. 
Most American winemakers also rely on imported products, like barrels, corks, bottles and farming and production equipment. Prices for those goods will also rise because of the tariffs. Those hikes will be reflected in the price of the wine.

Related posts:
April 2025
GET ME REWRITE: Unhinged Donald Trump doubles down on tariffs.  (4/9)

March 2025
Hire a clown, expect a circus:  Trump Treasury secretary Scott Bessent (net worth: $521 million) sez “access to cheap goods is not the essence of the American dream"   (3/31)
Trump lackey Peter Navarro sez, "Trust in Trump."  Best not to take any advice from this clown..  (3/31)
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