Following the striking down of Trump’s tariff regime by the Supreme Court, the US president announced on Saturday (21 February) that he would introduce a global tariff rate of 15%. This could provide yet another headache for UK drinks exporters who may see duties on products travelling across the pond rise.
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French drinks heavyweight Pernod Ricard saw a 5.9% decline in organic sales to €5.25bn in the first half of its financial year. Declines were most concerning in the US and Chinese markets, falling 15% and 28%, respectively.
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New figures from the Scotch Whisky Association (SWA) have detailed the impact of US tariffs on Scotch sales across the pond. According to research, export volume sales to the States since April have fallen 15%, with value taking a 7% knock.
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New research from financial advisory firm BTG can reveal that 69 distillers in Scotland – almost 20% of the total – are facing financial distress.
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As reported by the BBC, Prime Minister Keir Starmer has said that him and Chinese President Xi Jinping have made “really good progress on tariffs for whisky” after a meeting in the Great Hall of the People in Beijing.
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With record numbers of exhibitors signed up and record numbers of attendees also predicted to attend, Wine Paris has evolved its content for this year’s event to send a clear message on unfavourable government policies.
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US spirits exports to the UK fell 29% in the second quarter of 2025, dropping to $26.9m, according to the American Distilled Spirits Exports 2025 Mid-Year Report (ADSE).
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New Zealand Winegrowers, the national organisation for the country’s wine industry, has released its Annual Report 2025.
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Establishing a lay of the land for our new tariff world order is an unenviable task. For much of the planet the final tariff landscape is yet to take a solid form. For UK wine and spirits producers, however, there appears for now to be a clearer picture of how their drinks will be levied entering the United States.
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French drinks giant Pernod Ricard has announced its results for the 2025 financial year. Amid a suite of macroeconomic challenges, the multinational saw an overall -3% drop in organic global sales.
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The United States-European Union Joint Statement announced by EU trade commissioner Maroš Šefčovič has confirmed a 15% tariff on European goods exported across the pond.
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Recent analysis from Unione Italiana Vini (UIV), drawing from research by WineAmerica, has revealed that the recently announced 15% tariff on European wine imports will cost the US upwards of $25bn.
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A new export report from Wine Australia shows that after an initial surge in sales after Chinese tariffs on Australian wine ended last year, Aussie wine sales to China have begun to stabilise.
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Projections from Unione Italiana Vini (UIV) show that the Italian wine sector could lose over €317mn over the next 12 months due to the 15% tariff on EU exports to the US.
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A new report from wine investment firm Winecap shows that although a drop of -3% was seen for the Liv-ex 100 index in Q2 of 2025, the pace of decline slowed, highlighting potential signs of stability.
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The first iteration of the WSTA Industry Summit since 2019 saw themes of resilience and adaptability underscore the global and domestic challenges explored. Key takeaways from the event included tariff predictions and the need to unwind the ever-frustrating policy burden of “three-word acronyms” from EPR to RAM.
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Trade tariffs. It’s a term that’s been looming over us for the past few months, without ever really coming to a full conclusion or a new status quo. Yes, we have a trade deal, complete with a minimum 10% tariff, but when it comes to spirits specifically – the water is very murky indeed.
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The fine wine index dropped in April by the greatest amount since August 2023. The Liv-ex May Market Intelligence Report said the industry standard Fine Wine 100 closed down 1.7%, attributing the decline to the introduction of tariffs and the En Primeur tastings.
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Italian drinks giant Campari Group has seen a –4.2% fall in organic net sales for Q1 of 2025. The company believes the drop has come amid ‘heightened macroeconomic volatility’, in part caused by the uncertainty caused by US tariffs during this period.
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Effective from Saturday (12 April) China will raise tariffs on US goods in a tit-for-tat escalation which sees both countries now imposing tariffs of 125% on the other.
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