- Trump on Thursday threatened to place 200% tariffs on wines, champagnes and alcoholic beverages from Europe. That could mean higher prices for spirits drinkers, but the effect won’t be limited to imported wine and liquor. California’s supply of crushed grapes, used to make wine, was down 24% in 2024. It’s the latest struggle for the industry, which has been facing declining sales.
Donald Trump’s threat of a 200% tariff on wines, champagnes and alcohol products from France, Italy, and the European Union sent shares of spirits companies spiraling on Thursday, but the news could be even worse for people who enjoy a glass of wine with dinner.
