PORTLAND (WGME) – The cost of wine could soon go up — and go up a lot in the United States — amid another trade dispute.
In October, the Trump administration imposed a 25-percent tax on wines and other products from France, Germany, Spain and Britain.
According the Washington Post, U.S. officials are looking at a 100-percent tariff on a wide variety of European goods, effectively doubling the price.
Lindsey Murray, owner of Grippy Tannins in Portland, said that with the first round of tariffs, much of the increased cost could be absorbed by distributors and retailers with the consumer only paying a few extra dollars.
But that won’t be the case if this new tariff goes into effect, Murray said.
“Now there are conversations about 100 percent tariff, which will double our costs and that will not be able to be absorbed,” she said.
“We will likely see wines — French wines in particular — that’s what’s being targeted, but other countries are also being impacted by these tariffs. We will see a drastic increase in price at all levels and for consumers as well,” Murray said.
Murray added there are still wine producing regions that would not be affected, including domestic supplies.