'It's bad for them and bad for us' - Spain's Rioja winemakers brace for tariffs

Record ID: 1987724

  • Title: 'It's bad for them and bad for us' - Spain's Rioja winemakers brace for tariffs
  • Date: 2nd April 2025
  • Summary: OYON, SPAIN (APRIL 1, 2025) (REUTERS) DRONE SHOT OF TRACTOR PLOUGHING THE FIELD TRACTOR PLOUGHING THE FIELD DRONE SHOT OF TRACTOR PLOUGHING THE FIELD TRACTOR PLOUGHING THE FIELD (SOUNDBITE) (Spanish) VITICULTURIST ENRIQUE LOPEZ DE ALDA, 39, SAYING: "There is wine accumulated since COVID-19, there’s quite a bit of wine piled up, and in the end, that’s a burden for the price
  • Embargoed:
  • Keywords: Rioja wine Spain Trump US liberation day tariffs wine wine tariffs
  • Location: FUENMAYOR, OYON & ELCIEGO, SPAIN
  • City: FUENMAYOR, OYON & ELCIEGO, SPAIN
  • Country: Spain
  • Topics: Europe,Government/Politics,International Trade
  • Reuters ID: LVA001351102042025RP1
  • Aspect Ratio: 16:9
  • Story Text: Spanish Rioja wine makers are worried about United States President Donald Trump's "liberation day" tariffs announcement expected on Wednesday (April 2) as their cellars are overflowing.
    Trump's threat of levying crippling tariffs on European wine imports from Europe comes at a moment Rioja wineries are sitting on excess stocks of the famous red wine at a moment the world demand is dipping.
    "There is wine accumulated since COVID-19, there's quite a bit of wine piled up, and in the end, that's a burden for the price. The wine cellars are full of wine, grapes, and everything. It's bad for the farmer," winegrower Enrique Lopez de Alda, 39, told Reuters.
    Sales of Rioja, the most popular Spanish wine in its home country and abroad, had increased 0.6% in 2024 from the previous year according to La Rioja regulator council.
    The U.S. market is the second export market for Rioja after Britain and sales there represent 4% of overall production.
    "The United States is also a wine producer, but it can't supply its entire market," said Jorge Rodriguez, the co-owner of Petrolanda winery and bodega. Tariffs are "not good for them, nor for us, of course. But globally, in the end, everyone depends on everyone."
    (Production: Vincent West, Antoine Demaison, Silvio Castellanos, Inti Landauro)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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