What alcohol would cost more under 200% Trump tariff?
(NewsNation) — Under a 200% proposed tariff on imported alcoholic beverages, many summer favorite cocktails could become significantly more expensive.
The 200% tariff could more than double the cost of European wine and other alcohol for U.S. distributors, which would almost assuredly trickle down to U.S. bars and restaurants and eventually to American consumers, Michael Bilello, the executive vice president of strategic communications for Wine and Spirit Wholesalers of America, told NewsNation.
“If the intention of tariffs is to impose some discomfort on other countries, what we respectfully ask the administration to consider is that these will likely become burdens on U.S. businesses and U.S. consumers,” Bilello said.
Prosecco, champagne and other European wines
One of the hardest hit beverages would be wine........
© The Hill
