US Hikes Tariffs on Chilean Food and Wine Exports to 12.5%

The United States has raised tariffs on Chilean food and wine exports to 12.5%, affecting several key products, including fresh grapes, salmon, and bottled wine.

Chile's beverage sector is particularly impacted, as the inclusion of bottled wine raises entry costs in one of its key markets and may force importers and wineries to revisit pricing and shipment plans.

Copper and lithium exports are exempt from the tariff increase, which accounts for more than 50% of Chile's total value imported into the US.

The higher tariffs will likely increase costs for importers and producers, but the extent to which this translates into higher prices for consumers remains uncertain.