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Unione Italiana Vini

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Italian wine overproduction and export tariff shock 2025‑26

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Latest: Italian Wine Exports Hit by New US 10% Tariff, Losses Reach €360 Million

World wine consumption kept declining in 2026, dropping to about 208 million hl (‑2.7 % YoY). Italy’s bottlings fell another 5.4 % in the first five months, driven by a 13 % slump in red‑wine output, while inventories ro