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Italy's Chianti wine makers eye South America, Asia amid Trump tariff threat
Published by Global Banking & Finance Review®
Posted on July 14, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 14, 2025
2 min readLast updated: January 22, 2026
Chianti wine producers plan to expand into South America and Asia due to potential U.S. tariffs, seeking EU support for new export strategies.
MILAN (Reuters) -Producers of Italy's renowned Chianti wine have demanded a new export strategy backed by the EU targeting markets such as South America, Asia and Africa following U.S. President Donald Trump's threat of additional tariffs on European imports.
Italy currently exports more wine to the U.S. than any other country, but producers are increasingly looking to diversify amid the trade uncertainty.
"There is no point in feeling sorry for ourselves. It should be seen as an opportunity to accelerate a new export strategy, focusing on alternative and more stable markets," said Giovanni Busi, the president of Consorzio Vino Chianti, an association gathering the Chianti wine producers in the Tuscany region.
Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, adding pressure on Italy, which exported 2 billion euros ($2.3 billion) worth of wines, spirits, and vinegars to the U.S. last year, accounting for a quarter of its global sales, according to industry group Federvini.
Busi identified South America, Asia, and Africa as pivotal markets for Italian wine, citing Brazil, Argentina, Uruguay, and Paraguay as regions with significant growth potential.
He also noted increased demand in Asian markets, including China, Japan, Vietnam, and Taiwan, emphasizing the need for targeted promotion and distribution strategies.
"Africa and India are also areas where the wine consumption is beginning to spread," he added, encouraging structured efforts to penetrate these markets.
Matteo Lunelli, CEO of Ferrari spumante producer Gruppo Lunelli, shared Busi's worries, highlighting opportunities in Japan, China, Korea, Vietnam, Thailand, and the Middle East, while also identifying Canada as a growing market.
"The United States were our first country, now we need to pay more attention to other areas," Lunelli told daily la Repubblica on Monday. ($1 = 0.8553 euros)
(Reporting by Cristina CarlevaroEditing by Keith Weir)
Producers are looking to diversify and target markets in South America, Asia, and Africa.
They are facing trade uncertainty due to potential tariffs imposed by the U.S. on imports from the EU.
Countries like China, Japan, Vietnam, and Taiwan are identified as having significant growth potential.
Italy currently exports more wine to the U.S. than any other country, but producers are seeking to diversify.
He suggested that the current challenges should be seen as an opportunity to accelerate a new export strategy.
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