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The New Zealand wine industry is among those that could be hard hit by the 15% US tariffs, particularly the sauvignon blanc producing region of Marlborough.
Wine labelled from Marlborough represents around 90 per cent of exports, and the United States is this country’s largest export market.
The tariff challenge comes on top of falling global demand for wine.
The 2023/24 report from the national organisation, New Zealand Winegrowers, said the year had been marked by flat or declining sales and high inventory levels.
New Zealand’s chief trade negotiator Vangelis Vitalis has been sent to Washington to plead New Zealand’s case for lower tariffs.
Westpac economist Paul Clark specialises in the wine sector.
Dining and Cooking