04-04-2025
- Business
- Wall Street Journal
South American Countries See Potential Gains for Wine, Salmon From Tariff Split
Americans are likely to swap Spanish Rioja and Norwegian salmon in favor of Chilean Carménère and Patagonian salmon as a result of differing rates in Trump's tariff plan, local producers said.
Wine makers Argentina and Chile were hit with a 10% tariff in contrast to the 20% leveled against EU competitors. Norway received a 15% levy. Chile's copper and forestry exports to the U.S. are exempt from the tariff for now.
