Chinese imports of US wines fall by 48% YOY in the first 3 Quarters of 2019.
After peaking in 2016 at $81.5 million, US wine imports slipped to $78 million before dropping rapidly in 2018 due to the emerging trade disputes between the countries.
Current tariff levels of 93% will increase further if now resolution is found by 15 December. In comparison, other countries’ wines are taxed at 41% for the EU and 23% for Australia, NZ and Chile due to their reciprocal tax agreements.
What’s next for US wineries❓