The wine industry as we know it is in danger, experts fear.
Last fall, the Trump administration levied a 25 percent tariff on wine imported from France, Spain, England, and Germany – a tax that U.S.-owned importers, distributors and retailers and not European companies have to pay.
Italian wine, French cheese, Belgian chocolates and olives from Spain are just a sampling of imported products that could soon get slammed with costly new tariffs by the U.S.
Scott Ades is the president of Dalla Terra Winery Direct, an importer for small, family-owned Italian wineries. Ades and his team perform a rather behind-the-scenes function for consumers, serving as a facilitator to move wines direct from Italian producers such as Alois Lageder, Vietti, Aia Vecchia, Cleto Chiarli and more to distributors in the United States.
Harry Root’s business distributing imported wine from Europe was already reeling from a sales slump brought on by coronavirus lockdowns when he was hit with another gut-punch: a $25,000 tariff on a shipment of rose, “fun whites” and beaujolais wines at the Port of Charleston.
The U.S. and European Union are no closer to an agreement on airplane manufacturers, meaning wine sellers and consumers could continue to suffer
The Office of the U.S. Trade Representative received more than 25,000 public comments the last time it reviewed tariffs being imposed on EU member states for what the World Trade Organization ruled improper subsidies provided to Airbus. But for a new round of tariff reviews, USTR plans to launch a portal for comments that some stakeholders worry will deter public submissions.
— The Agriculture Department has paid $1.4 billion to farmers and ranchers in the two weeks since launching its coronavirus relief payment program. Much of the money is going to the Midwest, and especially to livestock producers.
DAYTON, Ohio (WDTN) – What does a clash between two of the world’s largest aircraft manufacturers – Airbus and Boeing – have to do with area wine companies? Enough to put some out of business according to Eric Faber of Cutting Edge Selection.