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Study Reveals U.S. Consumers Paid More for European Wines

10/28/2025

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Summary

Story summary

A Duke University study finds that during the 2019–2021 tariff period, U.S. consumers paid about $1.59 more per bottle for European wines, while the government collected about $1.19 in tariffs.
The study shows tariffs affected importers and producers.
Goldman Sachs reported that U.S. consumers bear most tariff costs.
Companies absorb some expenses, according to the report.

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Story summary

A Duke University study finds that during the 2019–2021 tariff period, U.S. consumers paid about $1.59 more per bottle for European wines, while the government collected about $1.19 in tariffs.
The study shows tariffs affected importers and producers.
Goldman Sachs reported that U.S. consumers bear most tariff costs.
Companies absorb some expenses, according to the report.