Tariffs Hamper US Wine Exports in 2018

Dear Client: Similar to spirits, US wine exports were weighed down by retaliatory tariffs in 2018. Total US wine exports were down nearly 5% in value for the year to $1.47 billion and down 1.2% in volume to 41.7 million cases, according to the Wine Institute.WI notes that tariffs aren't just to blame. The strong dollar, competition from foreign wine producers and competitors inking free trade agreements also contributed to the lackluster results. Though 2018 did improve on 2017's performance,