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Benzinga
  • 1 hour ago
U.S. tariffs on European alcohol are hitting restaurants and retailers with $3–$5/bottle price hikes and up to 20% increases from some suppliers. Imported wine volumes fell ~8% as consumers resist higher prices and businesses shift toward domestic alternatives or cheaper imports.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tariffs on European alcohol imports are raising costs for U.S. restaurants,
00:06retailers, and wholesalers, prompting menu changes and a shift toward cheaper or domestic
00:12alternatives, according to Reuters. The U.S. set tariffs at 15% last August,
00:17then replaced overturn levies with new charges of at least 10% in February.
00:22Buyers for restaurants reported price increases of $3 to $5 per bottle and up to 20% from some
00:28suppliers. Retail prices for imported wine rose 5% to 12% in 2025, with further increases expected
00:36in 2026. Imported wine volumes fell about 8% while domestic declines were smaller as businesses
00:43adjust inventories and consumers resist higher prices. For all things money, visit Benzinga.com.
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