2025 has been a year marked by major changes for the world of wine, and there is no doubt that some of them have been decisive. What has had the greatest impact on Italian wine, without overlooking the trend of declining consumption, has been the application of tariffs by the United States, a measure introduced by president Donald Trump which has effectively “set the pace” for exports (while awaiting clarity on how the refund issue will be resolved after the tariffs linked to the International Emergency Economic Powers Act - Ieepa - were declared unlawful by the U.S. Supreme Court last February).
This began with a rush to purchase by the U.S. market (which was and remains by far Italy leading trading partner) in the first months of 2025 in an effort to “get ahead of” the tariffs that would shortly come into force at 10% starting on April 7th, later rising to 15% from August 8th.
