For lovers of European wine, now is the time to stock up.
For at least the next 90 days, European wines will be subject to a 10% tariff upon entering the U.S. That represents a reprieve from the 20% European Union tariffs that Trump had announced last week.
That means many wine importers will be raising their prices once their new shipments arrive. But containers of wine don’t travel from Europe to California overnight; that can take months. Until these newly tariffed products arrive, several Bay Area wholesalers don’t plan to charge more.
by SFChronicle
9 Comments
Looks like I’m going to have to stop by Kermit Lynch tomorrow and stock up for the long winter
It’s not just the wine. Even American producers are starting to see signs that French oak is going to climb in price.
Just got an email from our glass supplier that we have to foot a 20% increase on glass that I ordered months ago.
Pretty annoying
Edit: maybe this makes me sound soft, but thanks to your comments, I had the courage to push a little harder, and was met with, we reduced the pricing on the glass but left on the tariff increase, subsequently reverting the contact to the original pricing.
Literally going to stop on my way home and buy a bunch of italian wine 😅
God, Apple stores and wine shops have been like gun stores before democrats take office lol
I have been stocking up over the past month, will be getting a wine refrigerator delivered tomorrow as well.
I have bought 4 cases of French champagne & wines recently. The wine fridge is full. May stock up more…
From an interview in the article:
“There seems to be a consensus, he said, that everyone along the supply chain — producer, importer and distributor — will eat part of the tariff to mitigate the impact on consumer pricing”
I think that’s likely. Therefore, it may or may not actually make financial sense to stock up on wine that you weren’t already planning on holding. You’re parking your money in that illiquid asset, when it might gain more than the wine prices increase if you keep it elsewhere. Really depends on how the tariffs play out.
Well, remember this is an international sub, and at least some of us are European, living in European countries.