US EditionEmbattled Bordeaux winemakers see Trump's tariffs as latest blow
Bordeaux winemakers face a 15% US tariff amid market struggles, including overproduction and a 25% drop in orders for some, intensifying export challenges.
- In May, winemaker Bertrand de Witasse saw his orders drop by 25 percent amid US tariffs imposed on wines and spirits.
- This order reduction followed the EU's failure to secure an exemption from a 15 percent US customs duty as part of Donald Trump's trade war.
- Bordeaux winemakers, including ninth-generation producer Laurent Dubois, face a shrinking cultivated area due to uprooting and suffer from a chronic decline in wine consumption.
- Dubois described customs duties combined with dollar weakness as "a double whammy" impacting prices, while Federvini president Giacomo Ponti called the trade deal a missed opportunity to recognize vital sectors.
- Despite disruptions and company shutdowns, winemakers emphasize the duties are a heavy burden but will not destroy the industry, though price adjustments and export drops are expected.
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Total News Sources26
Leaning Left4Leaning Right3Center7Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 29%
C 50%
R 21%
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