Trump Administration Considers 100 Percent Tariffs on All European Wines
As European vintners struggle to maintain sales in U.S. markets with a 25 percent tariff in place on many wines, they face a new potential hurdle. The Office of the U.S. Trade Representative (USTR) has announced that it is considering new, higher tariffs on European foods, including all wines (both still and sparkling, regardless of alcohol level). Those tariffs, which would be imposed early next year, could be as high as 100 percent.
Until now, most consumers were not feeling the impact of the 25 percent tariffs, as importers and vintners swallowed the cost in hope of maintaining sales. That won't be possible with the new, higher tariffs.
"I'm freaking out. And I don't normally freak out," said one wine importer who asked not to be identified. "We were planning to hire new people. That could be shelved and we could potentially have to consider layoffs."
The proposed tariffs are the latest salvo in the U.S. government's fight with the European Union over support for airplane manufacturers Airbus and Boeing. On Oct. 2, the World Trade Organization (WTO) gave the U.S. the green light to impose duties on $7.5 billion worth of European goods after the E.U. was found guilty of unfair subsidies to Airbus. The following day, the Trump administration announced 25 percent tariffs on a wide range of European products, including wine, cheese, olive oil, single-malt Scotch and cashmere sweaters, which went into effect Oct. 18.
https://www.winespectator.com/articles/trump-administration-considers-increased-tariffs-on-all-european-wines?utm_campaign=BreakingNews121319A&utm_source=BreakingNews121319&utm_medium=email&utm_content=06136da64d94599140b32229e92119a4
As I said before, you can put up all the tariffs you want Donny. No one's going to buy your shitty wine.
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