Tariffs and the Fine Wine Market with Robbie Stevens Liv-ex Part2

This show was published Friday, June 6, 2025

Overview

Chris talks to Robbie Stevens, head of broking at Liv-ex, on what is happening to the fine wine market during Trump's second term and how the trading of EU wines has been affected.

At the time of recording in May 2025, the tariff on EU wines had been temporarily set at 10% for a 90 day period until the 9th July. Buyers and bids have been returned but not at pre-tariff levels for US buyers, despite prices being on a downward trend.

In addition to the tariffs there are two other key factors that are affecting trading. These are currency - the US dollar has weakened against sterling and Euro - plus the US economy - disposable income for the US consumer is being squeezed.

We discuss what might happen if tariffs on EU wines rise to 20% post the 9th July deadline and what options there are for buyers to hold stock either as an investment, for drinking or to collect. The tariff is based on the origin of the product and not the location you bought it from.

Liv-ex has kindly given us free access to their May 2025 Market Intelligence report, normally only available to members.

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The music used for the UK Wine Show is Griffes de Jingle 1 by Marcel de la Jartèle and Silence by Etoile Noire.