Will Trump's tariffs increase alcohol prices?
Asked 8 hours ago
Answer
Trump's tariffs on European alcohol imports to the US, set at 15%, are likely to increase alcohol prices as producers may raise prices or reduce their presence in the US market.
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Low spirits for alcohol stocks despite better-than-feared trade deal
CNBC · New
CNBC
New
- A new EU-US trade deal sets a 15% tariff on EU alcohol imports to the US, lower than the 30% previously feared. 17s
- No specific exemption for wine and spirits was included in the deal, leaving the sector in uncertainty. 25s
- Major European spirits stocks initially rose but then declined as investor uncertainty grew. 36s
- Industry leaders highlight that the 15% tariff is still a significant burden, with previous tariffs causing a 12% decline for wine producers. 51s
- Weaker consumer demand, especially among younger generations, and competition from non-alcoholic options continue to challenge the alcohol industry. 2m 19s
