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After U.S. President Donald Trump announced a “reciprocal” 20 percent tariff on EU goods entering the U.S., strong concerns have emerged among Italian winemakers, who have long regarded the U.S. as a key export market. Once the tariffs take effect, the price of wine exported from Italy to the U.S. is expected to rise accordingly. According to Lamberto Frescobaldi, chairman of the Italian winegrowers’ association Unione Italiana Vini (UIV), Italian wine revenues could drop by around 323 million euros (approximately $368 million) per year due to the new levies.
Ca’ Montebello, located in the Oltrepò Pavese region of northern Italy, exports over 90 percent of its production to the U.S. Alberto Scarani, the third-generation heir of the family winery, noted that the recent U.S. tariff policy will significantly impact their market. “It’s changing a lot, especially for cheap wine,” he said, adding that consumers are reluctant to pay more for inexpensive options. He expressed hope that the EU would find a solution to the tariff challenges.
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7 Comments
Until now my older brother in America has not sent money, hit his face and remind him to send money when he gets a job, other people will try to help their siblings, but my brother is different, he just buries me, my life is his responsibility
Ordinary American people pays tariff not billionaires
Who wants to give money again? All countries' sources of income have been closed, Indonesia is now poor in groups, even by creating problems or anti-Chinese propaganda, no one will give money
Which Italian politicians are you referring to??? Hahaha 🤣🤣 Italy only has marionettes who take orders from Washington while fooling the foolish Italian masses! Mona!
China should stop to have a trade surplus with rest of the world not just with USA. China dont have export less but have to import more. Even African countries are complaining that China not buying from them just selling.
Tariffs revenues will be used to give the rich a tax cut.
I am paying the tariffs, I made the invention the bullshiter is earning money and fame.