wine News & Analysis
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Market Mood
Trump warns France on 3% tech sales tax and 100% wine tariffs
President Donald Trump has stated that France must eliminate its 3% tech sales tax or face a 100% tariff on U.S. wine and champagne imports. This ultimatum comes before the G7 summit and could impact France's $2 billion annual wine exports to the U.S., which constitute one-fifth of the French wine industry's global sales. Previously, U.S.-France trade tensions have included tariffs and retaliatory measures concerning tech imports. Additionally, wine exports from France to the U.S. decreased 15.9% in 2025 to €1.9 billion ($2.2 billion) compared to €2.4 billion in 2024.
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E.J. Gallo (Gallo) Closes Historic Winery, Lays Off 20 Workers
E.J. Gallo Winery is closing its Turner Road West grape crush facility in Lodi, California, and laying off about 20 workers. This decision follows a significant decline in the wine industry, with annual revenue dropping by $19.7 billion (21%) to $74.3 billion by 2025 compared to $94 billion in 2020, as reported by Silicon Valley Bank. The winery cited available capacity in other facilities as a reason for the closure. The closure came shortly after a majority of eligible employees voted for union representation, indicating potential labor dynamics at play.
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Argentina Glacier Law Changes Impact Water Supply for Mendoza Wine
Argentina's Congress recently passed reforms that may reduce protections for glaciers, critical to irrigating vineyards in Mendoza, which produces 100,000 liters of wine per year. The country, home to 16,968 glaciers, relies on these ice formations to sustain 36 river basins affecting seven million people. The 2010 law that initially protected these glaciers has been revised, shifting authority to provincial governments to determine their strategic value. This change could threaten water security amidst increasingly common droughts in the region, raising concerns among local winemakers and environmental groups.
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