Uh oh, Pinot: How tariffs will impact the U.S. wine economy
Care for a glass of Chianti or Bordeaux after recent market volatility? It'll cost ya. After a tense few weeks, President Donald Trump announced a 20% tariff on all EU goods, including wine. While you might think that U.S. producers would be cheering, domestic wineries and wine shops are worried. Plus, there's an ongoing tug-of-war in the bond market, and there's a rally on Capitol Hill today over cuts to humanitarian aid.