American importers are building up stockpiles of Prosecco, the popular Italian sparkling wine, as a precaution against possible tariffs threatened by President Donald Trump. Imports of Italian sparkling wine, primarily Prosecco, surged by 41% in November after Trump's election, outpacing consumer demand. Importers are taking this step due to uncertainty surrounding potential tariffs and a belief that consumers might reduce their spending on luxury items like wine if prices increase due to tariffs.
American importers have been stockpiling the popular Italian bubbly Prosecco as a hedge against the possible impact of tariffs threatened by President Donald TrumpA sommelier opens Prosecco bottles during a wine testing in Asolo, Italy , Monday, Oct. 15, 2018. Global sales of prosecco the smooth, drinkable sparkling wine rooted in the northeastern hills of Italy are booming, and champagne, the original bubbly, is taking note. U.S.
“Can we survive without a glass of wine? Yes. Wine is a pleasure,’’ Frescobaldi told The Associated Press this week. Italy exports nearly one-quarter of its wine to the United States, leaving the sector more heavily exposed to possible tariffs than any other Italian export, according to the trade federation. Last year, Italy’s wine exports to the U.S. totaled 1.9 billion euros .
The first signs of market concern showed up even before Trump was elected, with Prosecco shipments to the United States increasing 17% in the first 10 months of 2024. That compares with more modest single-digit increases to the next two markets, Britain and Germany, and far outpacing U.S. consumption which rose just 0.6% in the period.
TARIFFS PROSECCO IMPORTS ITALY WINE INDUSTRY
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US importers stockpile Italian Prosecco as a hedge against possible Trump tariffsAmerican importers have been stockpiling the popular Italian bubbly Prosecco as a hedge against the possible impact of tariffs threatened by President Donald Trump.
Read more »
American Importers Stockpile Prosecco Amid Trump TariffsWorried about potential tariffs on Italian wines, American importers are stockpiling Prosecco, leading to a 41% surge in November imports. The article explores the impact of Trump's trade policies on the global wine industry and the implications for both American consumers and Italian producers.
Read more »
Prosecco Importers Stockpile Ahead of Potential US TariffsAmerican importers are stockpiling Prosecco as a hedge against potential tariffs threatened by President Donald Trump. Shipments of Prosecco surged by 41% in November 2018, far exceeding consumer demand. This precautionary measure is driven by uncertainty surrounding the possibility of tariffs on Italian wines and the anticipation of consumers cutting back on luxury items if prices increase. Italy exports a significant portion of its wine to the United States, making the wine sector particularly vulnerable to tariffs. Prosecco has become the top-selling Italian wine in the U.S., accounting for nearly 40% of all sales.
Read more »
Prosecco Imports to the US Surge Amid Tariff FearsGlobal sales of Prosecco are booming, and US imports of Italian sparkling wine, mostly Prosecco, skyrocketed in November 2024. This surge is likely due to importers stockpiling ahead of potential tariffs on Italian wines under the Trump administration.
Read more »
New Italian Restaurant in Draper Blends Tradition and American FavoritesWhite Tomato, a new Italian restaurant in Draper, Utah, offers a blend of traditional and Americanized Italian dishes. Chef Roberto Calcagno, who was born in Italy, aims to create a welcoming and relaxed atmosphere where guests can enjoy authentic Italian flavors. The menu features both classic Italian dishes like sage ravioli and lasagna, as well as popular Americanized options like pasta Alfredo and chicken Parmesan.
Read more »
How to Make the Perfect Juicy Italian-American MeatballsThis article provides a detailed guide on how to make incredibly juicy Italian-American style meatballs. It delves into the author's personal journey to perfect the recipe, highlighting key ingredients and techniques that ensure tenderness and flavor.
Read more »