The drinks trade has expressed concern following president Trump’s latest tariff announcement, in which he said he would raise global tariffs across the board to 15%.  Doubling down, Trump initially said that he would apply a 10% global tariff in retaliation to the Supreme Court ruling, which said his use of tariffs was illegal.  He then raised it to 15%…

The latest financial report from Pernod Ricard shows a continued sales decline in both the US and China, within the context of a generally soft half year.  Overall sales for H1 totalled €5,253m, marking an organic decline of 5.9% and a reported decline of 14.9%.  In the Americas, the sales decline was 12%, increasing to 15% when focusing solely on…

California-based Jackson Family Wines has named Tim Brown as its new CEO, succeeding Rick Tigner, who is retiring after more than three decades with the business.  The company said that Brown brings over three decades of leadership experience to the position, following a career in global food and beverage companies, including 19 years at Nestlé.  More recently, Brown…

Trump has threatened to impose a 200% tariff on French wine and Champagne in response to Emmanuel Macron’s refusal to join his newly established “Board of Peace”.  In a statement to reporters, Trump said: “I’ll put a 200% tariff on his wines and champagnes and he’ll join.”  The board, according to Trump, has been tasked with “providing strategic oversight, mobilizing…

The Asian and European markets have stepped up in the fine wine sector, according to the latest Liv-ex data.  Considering buyer geography for fine wine, the insight provider said that European purchase value was up 48.2% in 2025 compared to 2024. Likewise, Asia was up almost 20%.  Liv-ex predicted that this would continue throughout 2026. “The Asian market is showing…

The alcohol industry hopes to be exempt from the tariffs agreed upon in the US-EU trade deal, which was announced on Sunday (27 July).  The trade deal saw the EU and US agree on a tariff of 15% for all EU goods entering the US, half of the 30% import tax rate that president Donald Trump had previously threatened.

US president Donald Trump has responded to the EU’s plans to put a 50% tariff on US produced whiskey and spirits with a counter-threat that he will place a 200% tariff on alcohol from the EU.   Trump retaliated via his own social media platform, Truth Social.   In his post, the US president wrote: “The European Union,…