Global Wine and Spirits Industry Faces Challenges from US Tariffs
The California wine industry is divided over the impact of tariffs on European wine, with some stakeholders advocating for exclusion of wine from tariffs to protect domestic sales, while others argue tariffs increase costs and harm competitiveness. The industry faces challenges from declining U.S. wine consumption, supply chain disruptions, and international trade tensions, which could significantly affect California's economy and global market presence.