Finance
Italian wine group welcomes U.S. tariffs pause but wants certainty
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
Federvini welcomes the US tariff pause but calls for trade certainty. A 10% duty remains, affecting Italian wine exports worth 2 billion euros last year.
MILAN (Reuters) - Italian wine and spirits trade group Federvini said on Thursday that U.S. President Donald Trump's decision to pause most tariffs represents "a step in the right direction", but the remaining 10% duty and uncertainty are a drag on the sector.
"A 10% tariff may be manageable in the short term, but it is neither sustainable nor desirable for the future... we need regulatory certainty and a clear and stable trade framework," Federvini's president Micaela Pallini in a statement.
Last year, Italy sold 2 billion euros ($2.2 billion) worth of wines, spirits and vinegars in the U.S. market, a quarter of its total worldwide exports, according to Federvini figures.
However, fears over the effects of potential tariffs slowed exports last month and producers and U.S. importers gathered at a wine fair in Verona, in the north-eastern Veneto region last weekend, voiced concerns about the outlook.
(Reporting by Elisa Anzolin; Editing by Keith Weir)
The article discusses the impact of US tariffs on Italian wine exports and the need for trade certainty.
Italy's wine exports to the US were worth 2 billion euros last year.
Federvini welcomes the pause in tariffs but stresses the need for regulatory certainty and a stable trade framework.
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