on wines to 100%, before keeping rates at 25%. The office is required by law to review tariffs periodically.
He said that there are more than 47,000 independently owned wine retailers in the US, and those retailers buy from about 6,500 US distributors and importers. These businesses all tend to be small, with about four employees each, and are largely family-owned. As a result, prices have already gone up significantly for certain wines. But the biggest tariff-related impact may likely be on the quantity of foreign wines that are available for Americans to buy, Aneff said. Some European wines may no longer be making their way to American store shelves.
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