Italian Wine Exports to the U.S. Face Uncertain Future Amid Tariff Threat

Italian wine exports to the U.S. face a standstill due to President Trump's potential 200% tariff on European alcohol imports. Importers halt shipments, fearing unsellable stock. Affected producers appeal to Agriculture Minister Francesco Lollobrigida for intervention, amidst growing import/export tension.

The Italian wine and spirits industry is on the brink of a significant slowdown as uncertainty over potential tariffs threatens exports to the United States. Federvini, a leading trade group, expressed concerns on Wednesday about President Donald Trump's proposal to impose a 200% tariff on European wine and alcohol imports.

'Our members have received requests from importers to suspend shipments,' said Federvini President Micaela Pallini. Importers fear the new tariffs could leave them with unsellable stock. After a surge of pre-emptive shipments, the market has hit a standstill, with rising prices for remaining stock.

Italian prosecco producers report halted shipments due to tariff anxieties. A Tuscan wine producer revealed that 1 million bottles destined for the U.S. are blocked at the port of Livorno. Industry leaders urge Agriculture Minister Francesco Lollobrigida to intervene at national and European levels to address the looming crisis.

(With inputs from agencies.)