European wines face a potential 100% tariff
Another day, another wine tariff post…
Last week, news trickled out that the US Trade Representative might raise the tariff on European wine to 100%. Oh, and the tariff on 31-pages of other items. Unsatisfied with progress in the aircraft dispute with Airbus, which was the cause of the 25% tariff imposed on some European wines on October 18, the USTR has threatened to take it to 100.
I discussed the issue with Blake Murdock of Rare Wine Co, Dixon Brooke of Kermit Lynch Wine Merchant, and Rocco Lombardo of Wilson Daniels. Each of them is taking a different approach–I filed two stories for Wine & Spirits magazine that you should check out.
If you don’t want European wine prices to double next year in this country, make your comments heard over at regulation.gov. Comments accepted until January 13.
Ugh. How long will they last, if imposed? It’s anybody’s guess.
Full list of items in the federal register
On January 6th, 2020 at 7:56 am ,Dr. Vino wrote:
As of right now, 4,263 comments have been posted on the Large Aircraft dispute (the one that threatens a 100% tariff on all European wines). Check them out:
https://www.regulations.gov/docketBrowser?rpp=25&po=0&D=USTR-2019-0003