Canada ‘pulled the plug’ on U.S. wine: expert

News Snapshot:

Karl Storchmann, executive director of American Association of Wine Economists, joins BNN Bloomberg to discuss the demand outlook for wine as U.S. imports plunge in Canada. After U.S. President Donald Trump announced a series of tariffs targeting Canadian goods earlier this year, Canada was quick to respond with retaliatory measures aimed at American sectors that rely on exports north of the border, one of which was the wine industry. The result was a 93 per cent drop in American wine exports to Canada in April, the biggest year-over-year decline in decades. Since Canada is the largest buyer of exported U.S....