Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Wine Institute Responds to Administration’s Latest Trade Action and Ongoing Canadian Ban
    Commodities

    Wine Institute Responds to Administration’s Latest Trade Action and Ongoing Canadian Ban

    April 6, 20253 Mins Read


    SACRAMENTO, Calif.

    Today, Wine Institute released the following statement from President and CEO Robert P. Koch in response to the administration’s announcement of new reciprocal tariffs affecting numerous trade partners, including those involved in the import and export of wine with the United States.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250407422670/en/

    “This isn’t just about trade. It’s about people, livelihoods and an agricultural success story built over generations. When our industry is disrupted, the impact reaches far beyond the winery...” - Robert P. Koch, President & CEO, Wine Institute

    “This isn’t just about trade. It’s about people, livelihoods and an agricultural success story built over generations. When our industry is disrupted, the impact reaches far beyond the winery…” – Robert P. Koch, President & CEO, Wine Institute

    Wineries across the country continue to suffer economic harm from Canada’s total ban on U.S. wine sales. Since early March, wine, beer and spirits have been the only U.S. products completely barred from entering and being sold in the Canadian market. Prior to these actions, Canada accounted for 35% of all U.S. wine exports, with a retail value of more than $1.1 billion.

    “The wine sector brings people together, drives economic value and reflects the hard work and heritage of families and farmers across the country.

    “Today’s announcement of new tariffs will only make it harder for American wineries to regain access to Canada, by far our most important export market. In early March, Canada cleared its shelves of all U.S. wine and continues to block its sale. As this dispute drags on, it is creating economic instability at a time when the industry is already under significant pressure.

    “This isn’t just about trade. It’s about people, livelihoods and an agricultural success story built over generations. When our industry is disrupted, the impact reaches far beyond the winery — affecting farmworkers, distributors, small businesses, restaurants and entire communities across the country.”

    The U.S. wine industry has long maintained that wine, unlike manufactured goods, is a unique agricultural product and should not be targeted in trade disputes unrelated to the sector. Wine Institute continues to strongly advocate for the removal of wine from all trade retaliation lists, regardless of the market. Retaliatory tariffs not only harm U.S. wine producers but also stall growth and innovation across the entire wine sector.

    About Wine Institute

    Established in 1934, Wine Institute is the public policy advocacy group of more than 1,000 California wineries and affiliated businesses that initiates and advocates state, federal and international public policy to enhance the environment for the responsible production, consumption and enjoyment of wine.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250407422670/en/

    Media Contact:

    Gino DiCaro, 916-730-3443

    gdicaro@wineinstitute.org

     

    © Business Wire, Inc.

    Avertissement :
    Ce communiqué de presse n’est pas un document produit par l’AFP. L’AFP décline toute responsabilité quant à son contenu. Pour toute question le concernant, veuillez contacter les personnes/entités indiquées dans le corps du communiqué de presse.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    In a market of 20%+ yields, where should you be investing? 

    Commodities

    Google says it will switch off energy-heavy AI usage at critical points if needed

    Commodities

    Metal Gear Solid-alike Spy Drops fails to capture the magic of the game it apes – GameSpew

    Commodities

    Twisted Metal Season 2 Episodes 4 & 5 Preview: The Tournament Nears

    Commodities

    Russian Pump Prices Spike as Ukraine Drones Strike More Energy Targets

    Commodities

    States scramble to complete renewable energy projects before tax credits expire

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Wise granted approval to join Zengin, Japan’s domestic payment system | by Norbert Gehrke | Tokyo FinTech | Oct, 2024

    Cryptocurrency

    10 African Central Banks exploring digital currencies in 2025 

    Investments

    AI investments see more than twofold rise in 2025 in India

    Editors Picks

    This Game Would Be an Ideal Candidate For The MGS Delta Treatment

    October 23, 2024

    Ferrari Expands to Europe with Cryptocurrency Payments for Wealthy Clients

    July 28, 2024

    Après la pause de Trump, volte-face spectaculaire à la Bourse de New York

    April 10, 2025

    Comment ne pas craquer face à ces 250 euros offerts par Fortuneo ?

    February 17, 2025
    What's Hot

    “Faites attention à ce que vous donnez à manger à vos enfants” : l’alerte des médecins sur l’exposition de la population au cadmium

    June 4, 2025

    Not All Landlords Are Older

    August 16, 2024

    Copper Prices Edge Higher as Dollar Weakens and US Tariff Looms

    July 29, 2025
    Our Picks

    Transcript : Chartwell Retirement Residences, Q4 2024 Earnings Call, Feb 28, 2025 -Le 28 février 2025 à 16:00

    February 28, 2025

    Currency Demand: Uttar Pradesh, Tamil Nadu, and Maharashtra lead cash movement in India amid digital payment growth

    June 24, 2025

    John Wood hosts open house at new agricultural center in Baylis

    October 14, 2024
    Weekly Top

    Google says it will switch off energy-heavy AI usage at critical points if needed

    August 5, 2025

    Metal Gear Solid-alike Spy Drops fails to capture the magic of the game it apes – GameSpew

    August 5, 2025

    Twisted Metal Season 2 Episodes 4 & 5 Preview: The Tournament Nears

    August 5, 2025
    Editor's Pick

    Today In Metal History 🤘 October 22nd, 2024🤘 DEATH, LESLIE WEST, RATT, LED ZEPPELIN, KISS, SLAYER, VAN HALEN

    October 22, 2024

    Vancouver cap rates expected to remain stable in Q3: AY report

    July 17, 2024

    MAC Copper demande la suspension de la cotation de ses actions à l’ASX

    May 26, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.