Impact of Tariffs on Champagne Export Market

SOURCE www.npr.org
Champagne-maker Charles Fourny is considering moving away from the U.S. market due to uncertainty around tariffs imposed by President Trump, shifting focus to more stable markets like Brazil. American wine importers are feeling the impact as well.

Key Points

  • President Trump's tariffs have led to uncertainty in the relationship between French Champagne producers and American buyers.
  • Fourny, whose business relies on the U.S. market, is now considering shifting focus to other markets like Brazil.
  • American wine importers are also concerned about the impact of tariffs on the availability and pricing of foreign wines in the U.S.

Pros

  • Charles Fourny is exploring more stable markets like Brazil amidst the uncertainty of U.S. trade policies.

Cons

  • Uncertainty around tariffs imposed by President Trump is affecting Champagne-makers like Fourny and American wine importers.