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Which policy related to Canada is affecting the grape business? I didn't see it referenced, and assumed that since it's being described as a trend over 3 years then it's not just about tariffs.

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> Tariffs have reduced exports, particularly to Canada, which was the largest foreign buyer of American wine.

And it links to a Feb 2025 article titled "Canada Tariffs Paused, but California Wineries Fear a Trade Dispute Would Be Crushing"

https://www.kqed.org/news/12025404/canada-tariffs-paused-cal...

Us alcohol products unavailable in most of Canada. So there’s a fair bit of export gone missing. And European response is probably reducing demand for us product in favour of their own.

Ah, gotcha. I presume there's then substitution effects on both sides of the pond, but the US loses more on net from the Canadian shift from American to other wines.

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