Trump tariffs sour future for some in wine industry

Oregon companies suffering under Trump tariffs, consumers next, business leaders tell governor - Ashland News - Community-Supported, NonProfit News

At a roundtable hosted by Gov. Tina Kotek, more than a dozen business leaders described a dire situation under President Trump’s tariff wars By Alex Baumhardt, Oregon Capital Chronicle Portland-based clothing company Wildfang received a shipment from China right before President Donald Trump announced a 152.5% tariff on all Chinese goods. If that order had gone through just 48 hours later than it did, it would have cost Wildfang nearly $180,000 …

Anthony Gismondi: Wine may be recession-proof — but it might not be tariff-proof

Historically, wine has usually outperformed the market in good times and bad. It has been so reliable that industry types often refer to it as recession-proof. That outcome is unlikely to survive the current tariff wars launched by our former friends south of the border.

Trump tariffs sour future for some in wine industry

More than a third of the wine consumed in the U.S. is imported, mostly from Europe.

Malbec, the star strain of Argentine wine production, accounted for 62% of the fractional wines the country sold abroad in 2024, and 59% of the total in volume. With the tariff hike provided by the Donald Trump administration, the doubt is how the measure can impact that key sector. For now, Trump suspended the decision for 90 days, but nothing prevents the tax hike from materializing. In 2024, an average of 2,648 wine labels with Malbec as the …

Speaking of everything a little, once, one of the brothers of this chronicler, told him that it was difficult to meet with some of his friends because they were constantly talking about wine and it was quite heavy for him. Wow, that age when they had taken the big step forward of leaving behind (only) talk about girls, politics or football and, since the time had not yet come to talk about the children and still missing more for the divorces, th…

For decades, the US dollar has been much more than the national currency of the United States: it has been the symbol of global trust, the safe haven for investors and governments in times of crisis, volatility or uncertainty. That condition gave the United States an unprecedented privilege: the ability to finance itself indefinitely, with low rates and an assured demand for its debt and currency. But that scenario is changing, and change is mor…