With growers and producers now facing an “uncertain outlook” in light of these recent regulatory challenges, New Zealand Winegrowers said the industry is concerned by the slow global economy and the “weak” wine markets in its key export locations. “Beyond the direct cost on imports to the USA, producers are concerned at the impact the tariffs will have on the broader USA wine market. New or higher taxes and tariffs are generally not positive for the development of any wine market. With the USA wine market already struggling, higher tariffs are unlikely to be good news for consumers. The total retail sales value of New Zealand wine in export markets is now estimated to be $4.9 billion.”Are you a Daily Wine News subscriber?