US seasonal outlook mixed as industry holds breath on tariffs

Popping a bottle of fizz and/or a classic feast-ready red over the holidays is a rite of passage for many Americans, even those who refrain from regular imbibing. This year, on the heels of a presidential election that may transform the wine market and the economy more broadly, many wonder how the holiday celebrations will fare. Already, all signs point to some sort of broad tariff. On November 25, president-elect Donald Trump pledged hikes on all goods coming from Mexico, Canada and China. “On January 20, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming in the United States, and its ridiculous Open Borders,” he posted on his Truth Social social media platform. Will Americans stock up on French bubbles and Spanish reds to pair with feasts, and in expectation of a debilitating wine tariff? During the holiday feasting season, some classic red wines are still a go-to, even as tastes change ...