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Trade War Worries for Winemakers
Jul 2, 2018
(Wine Searcher) - Could wine be the next victim in the brewing trade war?
Most stories on the escalating US trade wars have focused on the impact on American businesses of EU (and Chinese) tariffs on products like Wisconsin cheese and Harley-Davidson motorcycles.
What nobody is talking about, yet, is the possibility of the US slapping a tariff on EU wine. If that happens, one major importer says the biggest impact will be on by-the-glass wines in US restaurants: you'll see European wines of lower quality, and more wines from outside the EU. But all European wines, other than the most expensive and highly sought, will be affected.
Most importers and foreign wineries I contacted didn't want to talk about it, perhaps because they don't want the subject in the public eye. But it's a logical development, especially after the EU slapped a 25 percent tariff on Bourbon.
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