Recent analysis from Unione Italiana Vini (UIV), drawing from research by WineAmerica, has revealed that the recently announced 15% tariff on European wine imports will cost the US upwards of $25bn.
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Projections from Unione Italiana Vini (UIV) show that the Italian wine sector could lose over €317mn over the next 12 months due to the 15% tariff on EU exports to the US.
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Lamberto Frescobaldi, President of Unione Italiana Vini (UIV), Italy’s leading wine trade body, has warned urgent action must be taken to protect the industry. The calls come amid fears of overproduction as the nation continues to expand its land area under vine.
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