Value of global US wine imports falls by a quarter - European wine under pressure from tariffs in the first half of the year

US wine import volumes have plunged by a quarter in the first half of 2024, with the total value down 25.2% and quantities down 16.8%. European wine is bearing the brunt of tariff pressures, and prices have dropped 10% per litre as the market contracts. For UK and EU producers and exporters, this signals a significantly tougher trading environment in America's key wine market.