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Trade war, pandemic and wildfires beset global wine supplies

Australia 104 China 2662 Consumer Staples 648 Coronavirus 452 European Union 681 Tariffs 1673 U.S. 4732 United Kingdom 299

The international wine trade is facing disruptions from the pandemic, trade tensions between the EU and the U.S., an emerging Australia-China trade war and concerns about “smoke taint” due to wildfires in Australia and California. Global wine exports fell by 22.2% year over year in Q2’20, led by the EU. Reduced exports from Australia to China, which represented 38.9% of Australia’s shipments in 2019, may provide competition for U.S. supplies to Europe. The U.K. is the largest market for U.S. wines with shipments that expanded by 42.0% year over year in Q3’20 versus a 15.2% rise in total ...

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