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October 25, 2026

The Financial News

The Financial News

WINE INDUSTRY SHIFT: Charles Smith EXPLAINS changing consumer preferences


Winemaker Charles Smith joins ‘Varney & Co.’ to discuss declining sales in the wine industry, the push for ingredient labeling, and why Americans are drinking less. Smith also addresses the U.S.-Canada tariff war’s impact on wineries.

00:00 – Record low alcohol consumption in the U.S.
00:43 – Trends shifting from wine to spirits
01:36 – The move toward ingredient transparency
02:37 – Why fresh white wine is the new “ticket”
03:03 – Navigating Canada’s wine tariffs
04:14 – Global expansion and the future of Washington wine

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