{"id":422725,"date":"2025-03-26T19:02:25","date_gmt":"2025-03-26T18:02:25","guid":{"rendered":"https:\/\/www.eunews.it\/2025\/03\/26\/dazi-federvini-mercato-usa-insostituibile-ue-eviti-ritorsioni-impatto-sarebbe-devastante\/"},"modified":"2025-03-26T19:54:56","modified_gmt":"2025-03-26T18:54:56","slug":"tariffs-federvini-us-market-irreplaceable-eu-must-avoid-retaliation-impact-would-be-devastating","status":"publish","type":"post","link":"https:\/\/www.eunews.it\/en\/2025\/03\/26\/tariffs-federvini-us-market-irreplaceable-eu-must-avoid-retaliation-impact-would-be-devastating\/","title":{"rendered":"Tariffs, Federvini: “US market irreplaceable, EU must avoid retaliation. Impact would be devastating”"},"content":{"rendered":"

by Andrea Francato<\/strong><\/em><\/p>\n

Milan – “We have asked Italian and European institutions to take action without delay to remove U.S. wines and whiskeys from the European tariff list. This is another essential step to defuse dangerous retaliation on our sector.” This was explained to GEA<\/em> by the Director General of Federvini, Marco Montanaro<\/strong>, regarding the announced U.S. tariffs\u00a0on imports of wines, spirits, and liqueurs from EU countries<\/strong>. As of April 2, in fact, the 200 per cent tariff\u00a0on these products, as announced by President Donald Trump, could come into effect. Numbers that make your blood run cold, considering that almost \u20ac2 billion are at stake for Made in Italy wine alone.<\/p>\n

Montanaro confirms the momentum of waiting\u00a0and uncertainty for companies<\/strong>\u00a0ahead of next week: exports to the U.S. are at a standstill after the recommendation of the Wine Trade Alliance, the association that brings together U.S. wholesalers, producers and retailers. “No more wines, spirits, and liqueurs are being imported into the United States at the moment. U.S. traders have indicated they cannot order products with a tariff\u00a0risk. The products take several weeks to arrive. Therefore, Italian companies are trying to manage trade flows, including by allocating products to other markets.”<\/p>\n

Businesses are holding their breath, but they must prepare for the worst<\/strong>.\u00a0Among the consequences is, of course, the\u00a0loss of large market shares in the US<\/strong>\u00a0to the benefit of international competitors exempt from such heavy tariffs (Argentina, New Zealand, Chile, and Australia, to name a few).<\/span>\u00a0“If US-EU tensions continue,” Federvini’s director general confirms, “we will have to identify possible outlet markets for all stocks and products that would no longer be exported to the US or could be exported at significantly higher prices.<\/p>\n

For now, however, there’s hope<\/strong>\u00a0for a diplomatic breakthrough<\/strong>. On this, Montanaro is clear: “Federvini reiterates its no to tariffs\u00a0on wines and spirits and, at the same time, expresses its yes to the protection of transatlantic relations. The US market is the first destination market and is not replaceable. The impact of tariffs\u00a0and possible trade retaliation would devastate a sector with 40 thousand companies, a turnover of more than \u20ac20 billion, a total of 10 billion in exports globally, 460 thousand employees and millions of consumers.” The Italian case is peculiar because, unlike other countries, the three product categories that Federvini deals with (wine, spirits, and vinegar) are deeply integrated\u2014a difficult blow to absorb.<\/p>\n

Difficult, even according to Federvini, to estimate the true extent of US measures. “We need to understand which supply chains will be affected and then ask the EU, through diplomatic initiative, to remove tariffs\u00a0on whiskey and bourbon and thus defuse possible retaliatory measures by the United States. Diplomacy right now is working intensively to reduce the announced duties or otherwise find shared solutions that can avoid affecting sectors such as agribusiness,” explains Montanaro,\u00a0who is ultimately keen to stress “the importance of keeping wines and spirits out of trade disputes that do not concern the wine, spirits sector,\u00a0controversies that originate from tensions involving aluminium, steel, electric vehicles. We\u00a0talk about tariff asymmetry because they hit products that have nothing to do with American claims. Hitting wine just doesn’t make sense.”<\/p>\n","protected":false},"excerpt":{"rendered":"

President Marco Montanaro, in an interview with our sister agency GEA, confirms the companies’ moment of waiting and uncertainty and hopes for a diplomatic breakthrough<\/p>\n","protected":false},"author":1,"featured_media":267369,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[25709],"tags":[26517,27383],"class_list":["post-422725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agrifood-en","tag-federviniand","tag-vino-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/422725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/comments?post=422725"}],"version-history":[{"count":4,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/422725\/revisions"}],"predecessor-version":[{"id":422742,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/posts\/422725\/revisions\/422742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media\/267369"}],"wp:attachment":[{"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/media?parent=422725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/categories?post=422725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eunews.it\/en\/wp-json\/wp\/v2\/tags?post=422725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}