Published 16 days ago • loading... • Updated 14 days ago

US importers stockpile Italian Prosecco as a hedge against possible Trump tariffs

American importers are stockpiling Italian Prosecco due to potential tariffs threatened by President Donald Trump, as reported by wine industry data.
U.S. Imports of Prosecco surged by 41% in November, significantly exceeding consumer demand, according to the Union of Italian Wines trade association.
Prosecco became the top-selling Italian wine in the U.S., representing nearly 40% of all sales last year, stated Giancarlo Guidolin, president of Prosecco DOC consortium.
Concerns over tariffs and a potential port strike led to increased shipments, as noted by Dina Opici, chairwoman of the Wine & Spirits Wholesalers of America.

Insights by Ground AI

Does this summary seem wrong?

63 Articles

All

Left

Center

Right

Expressen

Bunkering prosecco in the face of tariff threats

American importers are filling their warehouses with Italian prosecco amid concerns that the wine will be subject to increased tariffs.

14 days ago·Stockholm, Sweden

Read Full Article

Svenska Dagbladet

+2 Reposted by 2 other sources

Stocking up on prosecco ahead of Trump's tariff threat

American importers are stockpiling Italian prosecco amid fears that the wine will be subject to tougher tariffs. In November, Italian sparkling wine exports surged 41 percent, clearly exceeding demand, according to the Italian winemakers' association. The vast majority of this sparkling wine...

14 days ago·Stockholm, Sweden

Importers stockpile Prosecco as a hedge against Trump’s tariffs

Trump said last weekend that he would impose tariffs "pretty soon" on the EU, but he did not provide any details. He put import tariffs on goods from Mexico and Canada but then delayed them for 30 days. A new tariff on imports from China took effect Tuesday.

15 days ago·San Jose, United States

Read Full Article

New York Post

American importers stockpile Prosecco as hedge against Trump tariffs

American importers have been stockpiling Italian bubbly Prosecco as a hedge against the possible impact of tariffs threatened by President Donald Trump, wine industry data show.

16 days ago·New York, United States

Read Full Article

Novinky.cz

US importers stock up on Prosecco amid tariff concerns

American wine importers have been stockpiling Prosecco due to concerns about tariffs and strikes at American ports, the AP reported on Friday. Producers and statisticians have reported a significant and unexpected increase in sales to the US. However, the volume of Prosecco consumed in the United States has not changed much in recent months.

16 days ago

Read Full Article

OPB

US Prosecco importers panic as Trump’s tariff threat bubbles up

President Trump’s threats to impose new tariffs on European goods has caused Americans to suddenly stockpile their favorite Italian wines — especially the sparkling wine, Prosecco.U.S. imports of Italian wine — 90% of that Prosecco — skyrocketed by 41% in November following Trump’s election, according to the Union of Italian Wines trade association.Lamberto Frescobaldi, the president of the trade association, says the data is clear: “Americans a…

16 days ago·Portland, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year