US wine shops and importers say Trump’s threatened 200% tariff on European wines would kill demand

News Snapshot:

The United States is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the U.S. “I don’t think customers are prepared to pay two to three times more for their favorite wine or Champagne,” Ronnie Sanders, the CEO of Vine Street Imports in Mt. Laurel Township, New Jersey, said. Jeff Zacharia, president of fine...