US EditionTariff Chaos Is Causing Companies—and Consumers—to Hit the Bottle
- On April 2, US President Donald Trump increased tariffs from 10% to 50%, risking higher costs and job losses according to economists.
- Executives indicated they may raise prices or cut investments due to the new tariffs.
- Wine producers in Spain's Rioja region fear 200% tariffs will hurt sales in the US, impacting the wine industry amidst declining global demand.
- Some companies plan to raise prices ahead of the new tariffs imposed by the European Union.
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Spain's Rioja winemakers brace for U.S. tariff announcement
Spain's Rioja winemakers are worried about US President Donald Trump's "Liberation Day" tariff announcement expected on Wednesday (April 2), after he previously threatened a 200% tariff on European alcohol.
·Bangkok, Thailand
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The IndependentReposted by 
The Independent (US)
The Independent (US)Spain’s Rioja cellars are overflowing. Trump’s tariffs threaten to make that worse
The U.S. is the second largest export market for Rioja wines after Britain
·London, United Kingdom
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Coverage Details
Total News Sources11
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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