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How Tariffs May Impact Italy’s $2 Billion In U.S. Wine Exports

By: Liz Thach

Americans are in love with Italian wine, making Italy the top country for U.S. imported wine volume over the past decade, according to NielsenIQ. Now with a potential 20% tariff looming on the horizon, Italian wine producers are naturally nervous about the impact on their businesses.

“Italy exports around $2 billion worth of wine each year to the U.S., which makes up around one-third of our total wine export volume,” stated Adolfo Rebughini, General Manager of Veronafiere, in an online interview this week, along with two other Italian wine executives.

Source: https://www.forbes.com

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