The California wine industry is a big winner in Trump’s new trade deal with Canada and Mexico

10/03/2018

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Jeff Daniels | CNBC

The California wine industry is a big winner in Trump’s new trade deal with Canada and Mexico

The California wine industry was handed a big win with the revised NAFTA deal reached with Canada. It will bring wider access in a country that previously was accused of “discriminatory” trade practices. It follows the Trump administration in May requesting the help of the World Trade Organization to resolve a wine dispute with Canada over grocery-store shelf access. A WTO dispute panel was set up this summer to rule on the matter. Canada is the largest single country market for U.S. wine, with retail sales of about $1.1 billion last year. About 90 percent of the American wine exported comes from California vineyards. Read more here.