As expected, the U.S. Trade Representative has opened the public comment portal for the WTO / Large Civil Aircraft dispute, which includes all of the current tariffs on wine from the EU. The portal will be open through July 26, and the USTR will announce their decision regarding any potential changes to the tariffs on or about August 12. The USTR is required to go through this “carousel” process every 180 days.
Today the Office of the U.S. Trade Representative (USTR) published the awaited Federal Register Notice announcing the review of action on the WTO / Airbus tariff list. The comment portal will open June 26 and will close on July 26. USTR should publish the results of this review on August 12.
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.
Listen to the Podcast here.
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
Listen to the Sirius XM interview here
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.