Not the biggest headline of the day, but. . .
In a farewell gesture the Trump Administration has imposed a new 25% Tariff on French and German wines over 14% alcohol This expands the original tariff that was on wines 14% and under. The new tariff went live on January 12th (this includes wine already on the water). While the Biden Administration may reverse these tariffs it probably won’t happen very quickly. This is going to make wine prices very volatile in the near future. At Madrona Wine Merchants, we remain focused on quality and value, but we expect a few bumps in the coming months.
These tariffs have a huge impact on smaller wineries and importers.
6 days until the Inauguration.