trump tariffs deal tax trumps hit economy 2025 biggest owner

When Trump tariffs hit French barrels and corks, California’s winemakers feel the squeeze

Small California producers say Trump’s EU levies are driving up costs and threatening family businessesKory Burke, a small producer of high-quality wines in central California, never believed that tariffs on imports from France or Italy could help boost his business. But he knew for sure they would be a big hindrance as soon as Donald Trump announced late last month that he was slapping a 15% levy on all goods from the European Union.“The first email I received was from my cork provider,” Burke recalled. “He said he’d take on 2% of the additional cost of importing corks from Europe, but I would have to absorb the other 13%. Then my barrel supplier got in touch, pushing me to put in my orders as fast as possible because every new French barrel coming across the Atlantic after the tariffs was going to come with a $100 or $150 fee.” Continue reading...

Comments

Business News

Mountain Warehouse to open new stores after revenues jump

Evening Standard

Mountain Warehouse to open new stores after revenues jump

about 2 hours ago

Digital challengers top banking customer satisfaction surveys

Evening Standard

Digital challengers top banking customer satisfaction surveys

about 2 hours ago

Solar panels that fit on your balcony or deck are gaining traction in the US

Solar panels that fit on your balcony or deck are gaining traction in the US

about 2 hours ago

Chuck Schumer drops F-bomb when asked if Dems would back Trump on DC police takeover

Chuck Schumer drops F-bomb when asked if Dems would back Trump on DC police takeover

about 2 hours ago

Youtuber Caspar Lee shares his investing journey and tips for beginners

Youtuber Caspar Lee shares his investing journey and tips for beginners

about 2 hours ago

Cashback concerns raised when people are considering transferring their pension

Cashback concerns raised when people are considering transferring their pension

about 2 hours ago

Lady Gaga And Bruno Mars Score A Top 40 Bestseller (Again)

Lady Gaga And Bruno Mars Score A Top 40 Bestseller (Again)

about 3 hours ago

Golf Travel: Discovering Two of Ireland’s Best Kept Bargains

Golf Travel: Discovering Two of Ireland’s Best Kept Bargains

about 3 hours ago

Olivia Rodrigo’s Entire Catalog Surges Yet Again

Olivia Rodrigo’s Entire Catalog Surges Yet Again

about 3 hours ago

Louisiana Sues Roblox As Controversy Over Child Safety And Banning ‘Vigilante’ Users Grows

Louisiana Sues Roblox As Controversy Over Child Safety And Banning ‘Vigilante’ Users Grows

about 3 hours ago

Deftones Debut A Decades-Old Album As A Top 40 Bestseller

Deftones Debut A Decades-Old Album As A Top 40 Bestseller

about 3 hours ago

DC Sues Trump For Police Takeover

DC Sues Trump For Police Takeover

about 3 hours ago

‘Superman’ Is Now Streaming—How To Watch The DCU Superhero Film At Home

‘Superman’ Is Now Streaming—How To Watch The DCU Superhero Film At Home

about 3 hours ago

Coldplay’s Surprise Hit Jumps To A New Peak — Again

Coldplay’s Surprise Hit Jumps To A New Peak — Again

about 3 hours ago

Speedway Motorsports Helps Nascar Partners Activate Sponsorships

Speedway Motorsports Helps Nascar Partners Activate Sponsorships

about 3 hours ago

Sony Lost Big On KPop Demon Hunters’ Record Success, Says Report

Sony Lost Big On KPop Demon Hunters’ Record Success, Says Report

about 3 hours ago

Major League Pickleball 2025 Season Recap And Playoff Preview

Major League Pickleball 2025 Season Recap And Playoff Preview

about 3 hours ago

Netflix Could Lose ‘Stranger Things’ Creators After Season 5 To Paramount+

Netflix Could Lose ‘Stranger Things’ Creators After Season 5 To Paramount+

about 3 hours ago

Vacation-Ready Italian Rosés

Vacation-Ready Italian Rosés

about 3 hours ago

What Everyone Should Know About Supply, Demand, And Energy Prices

What Everyone Should Know About Supply, Demand, And Energy Prices

about 3 hours ago

LookFantastic shoppers rave about new Maison Margiela scent that's like 'summer in a bottle'

LookFantastic shoppers rave about new Maison Margiela scent that's like 'summer in a bottle'

about 3 hours ago

Battersea flats that offer IV drips to order and vitamin C showers

Battersea flats that offer IV drips to order and vitamin C showers

about 3 hours ago

UK bank fraud poses national security threat, think tank warns

UK bank fraud poses national security threat, think tank warns

about 3 hours ago

Down valuations are on the rise - should it worry buyers and sellers? This is Money podcast

Down valuations are on the rise - should it worry buyers and sellers? This is Money podcast

about 3 hours ago

I'm a dietitian who hates meal planning. Here are 12 things I buy at Trader Joe's to make feeding my family easier.

I'm a dietitian who hates meal planning. Here are 12 things I buy at Trader Joe's to make feeding my family easier.

about 3 hours ago

Photos show how Air Force One has changed through the years

Photos show how Air Force One has changed through the years

about 3 hours ago

I use my vacations to visit friends and family. My trips are easier, less expensive, and more meaningful.

I use my vacations to visit friends and family. My trips are easier, less expensive, and more meaningful.

about 3 hours ago

I'm a VP at Nespresso and pregnant with my third child. People have asked me if this is what I really wanted.

I'm a VP at Nespresso and pregnant with my third child. People have asked me if this is what I really wanted.

about 3 hours ago

UK inflation to rise as summer spending pushes up hotels and airfares

Evening Standard

UK inflation to rise as summer spending pushes up hotels and airfares

about 4 hours ago

Digital challengers top banking customer satisfaction surveys

Evening Standard

Digital challengers top banking customer satisfaction surveys

about 4 hours ago

Cashback concerns raised when people are considering transferring their pension

Evening Standard

Cashback concerns raised when people are considering transferring their pension

about 4 hours ago

Retail sales rise a solid 0.5% in July from June helped by rebounding auto sales

Retail sales rise a solid 0.5% in July from June helped by rebounding auto sales

about 4 hours ago

UnitedHealth Group shares climb as Buffett's Berkshire Hathaway discloses stake in the insurer

UnitedHealth Group shares climb as Buffett's Berkshire Hathaway discloses stake in the insurer

about 4 hours ago

Why privatizing mortgage giants Fannie Mae and Freddie Mac is a long shot

Why privatizing mortgage giants Fannie Mae and Freddie Mac is a long shot

about 4 hours ago

Digital challengers top banking customer satisfaction surveys

Digital challengers top banking customer satisfaction surveys

about 4 hours ago

Slipknot Reportedly Selling Music Catalogue For $120 Million

Slipknot Reportedly Selling Music Catalogue For $120 Million

about 4 hours ago

Russian Shaheds Sow Ukrainian Roads With Anti-Tank Mines As They Go

Russian Shaheds Sow Ukrainian Roads With Anti-Tank Mines As They Go

about 4 hours ago

Meet The Mastermind Behind The $1.9 Billion Poppi Deal

Meet The Mastermind Behind The $1.9 Billion Poppi Deal

about 4 hours ago

Coco Gauff Doesn’t ‘Want To Waste Mental Energy’ On New U.S. Open Event

Coco Gauff Doesn’t ‘Want To Waste Mental Energy’ On New U.S. Open Event

about 4 hours ago

Radiohead’s Huge Week On The Charts — And It’s All Thanks To One Song

Radiohead’s Huge Week On The Charts — And It’s All Thanks To One Song

about 4 hours ago

‘Outlander: Blood Of My Blood’ Is An Entertaining Prequel With One Big Problem

‘Outlander: Blood Of My Blood’ Is An Entertaining Prequel With One Big Problem

about 4 hours ago

Erin To Become 1st Hurricane Of The Season - Will It Affect The U.S.?

Erin To Become 1st Hurricane Of The Season - Will It Affect The U.S.?

about 4 hours ago

Linkin Park Dominates One Chart As An Early-Career Smash Returns

Linkin Park Dominates One Chart As An Early-Career Smash Returns

about 4 hours ago

Trump Departs Washington For Meeting With Putin (Live Updates)

Trump Departs Washington For Meeting With Putin (Live Updates)

about 4 hours ago

Taylor Swift’s Album Of The Year Winner Returns Amidst New Music Excitement

Taylor Swift’s Album Of The Year Winner Returns Amidst New Music Excitement

about 4 hours ago

Stephen Bishop On Why He Chose To Make ‘THIMK’ His Final Album

Stephen Bishop On Why He Chose To Make ‘THIMK’ His Final Album

about 4 hours ago

Don’t Let Populists Set Prices

Don’t Let Populists Set Prices

about 4 hours ago

Government will not offer bailout to UK's largest bioethanol plant

Government will not offer bailout to UK's largest bioethanol plant

about 4 hours ago

Sarah Jessica Parker's home decor bargain is perfect - but you'll love these alternatives

Sarah Jessica Parker's home decor bargain is perfect - but you'll love these alternatives

about 4 hours ago

Amazon Echo Dot on sale for £34.99 at Wowcher undercutting Amazon's price

Amazon Echo Dot on sale for £34.99 at Wowcher undercutting Amazon's price

about 4 hours ago

Primark's £20 bag divides opinion over what is meant to go inside

Primark's £20 bag divides opinion over what is meant to go inside

about 4 hours ago

9 best pre-mixed cocktail cans and bottles for BBQs and parties this August bank holiday

9 best pre-mixed cocktail cans and bottles for BBQs and parties this August bank holiday

about 4 hours ago

DWP date confirmed for bank 'monitoring' in list of tough new measures

DWP date confirmed for bank 'monitoring' in list of tough new measures

about 4 hours ago

Dolce & Gabbana’s ‘fresh and feminine’ cherry perfume is now half price and selling fast

Dolce & Gabbana’s ‘fresh and feminine’ cherry perfume is now half price and selling fast

about 4 hours ago

Boden's 'beautiful' ballet flats are a 'total power shoe' and now have £67 off

Boden's 'beautiful' ballet flats are a 'total power shoe' and now have £67 off

about 4 hours ago

This oversized denim tote has travelled the world with me as hand luggage and it’s under £60

This oversized denim tote has travelled the world with me as hand luggage and it’s under £60

about 4 hours ago

Telegram CEO Pavel Durov reveals the 3 pieces of advice he got from his dad, an expert in Ancient Rome

Telegram CEO Pavel Durov reveals the 3 pieces of advice he got from his dad, an expert in Ancient Rome

about 4 hours ago

I pivoted my tech career to focus on AI. Now I make $6,400 a week — but I care more about staying relevant than the money.

I pivoted my tech career to focus on AI. Now I make $6,400 a week — but I care more about staying relevant than the money.

about 4 hours ago

Bridal designer Hayley Paige is making her comeback. Here are 5 lessons she learned after her yearslong legal battle with JLM Couture.

Bridal designer Hayley Paige is making her comeback. Here are 5 lessons she learned after her yearslong legal battle with JLM Couture.

about 4 hours ago

I turned my screened-in porch into a home office this summer, so my daughter and I could work our remote jobs side by side

I turned my screened-in porch into a home office this summer, so my daughter and I could work our remote jobs side by side

about 4 hours ago