Possible 100% Tariffs Loom Large Over U.S. Wine Industry

Feb 13, 2020

(WineMag) - This week, the U.S. Trade Representative (USTR) will make another decision regarding the 25% tariffs it imposed on certain European Union (E.U.) wines and goods last year. It might opt to maintain them, reduce them, levy a 100% tax on all E.U. wines or any combination thereof. The outcome will have major consequences for both U.S. small businesses and global economies.

The initial round of 25% tariffs were imposed in October 2019 and intended to punish the E.U. for its subsidies to Airbus, a France-based aerospace and defense corporation. They are already having unintended consequences on the domestic wine industry.

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