Consumers are poured alcohol while Trump threatens a mass tariff on EU wine, an alcoholic beverage
Blake Leonard, president of Wines and Spits Stew Leonard, says ‘Morning with Mary’ about consumer uncertainty in the middle of the threat of President Donald Trump to impose 200% of Tariff to European alcohol.
Pentecosts could soon be high-barn it is a concern for the buyers of alcohol they buy in a popular family trade.
Stew Leonard’s Wine and Spirits President Blake Leonard said Monday at Fox Business That the threat of President Donald Trump to impose 200% of tariffs to European alcohol imports has encouraged some customers to embark on a potential increase in prices and stocks at their favorite drinks.
“Over the weekend … Customers were getting ready, and that’s uncertain,” Leonard told Maria Bartiromo. “We do not know what will happen, but at the moment it does not hurt to go out and grab your favorite bottle of wine or spirit, especially the tekke or champagne.”
Trump threatens 200% of tariffs to French wine, other EU alcoholic products
Bottles of French and Italian wines were shown on the shelf in a store on March 13, 2025 in San Anselmou, California. US President Donald Trump threatens 200 percent of alcohol Tariff from EU countries. (Justin Sullivan / Getty Images / Getty Images)
Trump has announced a threat to a tariff after the European Union recently announced that it would continue with a planned 50% of tariffs on the American whiskey, partly writing about the truth of Social to put the set of tariffs on European drinks “be great for wine and champagne in the US”
Its threat comes in the middle of the noise of other imposed tariffs and tariff proposals.
The proposed tariffs to European alcoholic products would target popular objects such as French and Italian wines, potentially forced US consumers to consider wines and alcoholic drinks produced in the country.
For example, Leonard held a bottle of European champagne that is usually sold for about $ 60. California sparkling wines Made in the same style is sold for about half the price.
President Donald Trump walks across the southern lawn to board the Marine One in the White House 7 March 2025 in Washington, DC (Kayla Bartkowski / Getty Images / Getty Images)
“You have many opportunities where you can transfer consumers. During Coida, as we saw, they had to turn. They had to try something new,” she said.
“[It’s] The same thing here, Sancerre from France, can only be made in that particular region. You can go and find a brilliant bottle of some of your Blancs from California, so consumers will have to do it because the cost of these imported products would be so expensive on the shelf. “
On the other hand, products like tequila, which can be legally made only in Mexico, could represent a challenge to customers if Alcohol import tariffs They should be imposed there too.
“Barron’s Round Table” panelists talk about the influence of tariffs and sharing stock.
“Our suppliers … They were supplying. They planned it. They really expected this arrival, so they wore their warehouses with so many wine and alcoholic beverages as they could hold it for about six months,” Leonard said.
Half of wines and alcoholic beverages, Gusta Leonard is currently selling from Europe. Leonard said the tariff would affect the sale of these products.
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Fox Business’ Daniella Genovese contributed to this report.
