Canada Imposes 25% Tariffs on U.S. Wine in Response to Trade DisputeThe Trump administration has implemented a 25% tariff on almost all Canadian and Mexican imports, prompting Canada and Mexico to retaliate with matching tariffs. As of March 4th, all U.S.-produced wine entering Canada is subject to this tariff, though wine already in Canada remains unaffected.Key Impacts:Price Increases: A U.S. wine currently retailing for $20 could rise by $5-6 due to the cumulative effect of tariffs, taxes, and liquor board markups.Market Shift: U.S. wines will become less competitive, potentially losing market share to Canadian and international wines. Some provinces, like Ontario, have even threatened to remove U.S. alcohol products from distribution.Duty-Free Exemption: Travellers can still bring U.S. wine within their duty-free limit without added tariffs.Impact on Canadian Exports: Canadian wine exports to the U.S. will also face higher prices and reduced demand, though the U.S. imports little Canadian wine.The longer this trade dispute lasts, the greater the impact on wine sales in both countries. (ICE TORONTO)

Fonte notizia: https://www.winelaw.ca/2025/03/04/tariff-war-will-increase-prices-of-u-s-wine-eventually/