In letter to Trump, alcohol groups say tariffs put $2 billion in sales at risk
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 06 2025
0mins
Source: Reuters
Impact of Tariffs on U.S. Alcohol Industry: A 15% tariff on EU goods could lead to nearly $2 billion in lost sales and threaten 25,000 U.S. jobs, according to a letter from 57 alcohol industry groups to President Trump.
Concerns Over Trade Negotiations: The Toasts Not Tariffs Coalition urges for better trade deals to protect the wine and spirits sector, especially as the holiday season approaches, while highlighting potential price increases and challenges faced by American businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
