American wine sellers are afraid of US President Donald Trump's duties, which began to apply on Wednesday, “Reuters said. Winiators warn that price increases and a decrease in revenues can contribute to the exemptions and collapse of many companies.
According to the National Association of Wine Retailers, the National Association of Wine Association is that the tariffs will increase the sales of domestic wines, “are wrong”.
Winiators in fear
In the face of higher prices resulting from increased tariffs, consumers will reduce their expenses. The first thing they will be on will therefore be products that are not basic needs, such as wine.
United States import more wine from the European Union than from any other region of the world, primarily with France and Italian. The sale of French wines and alcohols can fall by at least 20 percent when the tariffs come into force – the French Federation of Wine Exporters and Alcohols said.
The Trump administration announced the introduction of a 20 % tariff for goods from the European Union, which will make the price of a bottle of wine increase above what the average customer would be willing to pay – explained Reuters.
Exemptions and decrease in sales
Adam Williams, a 57-year-old owner of Ansley Wine Merchants in Atlanta, said he was preparing for the worst. Trump's duties can increase the costs of imported wines and alcohols he sells.
– It means that everything will go up. Including the favorite wine of customers, year 2023 Sancerre from France, which can cost $ 45 – said Williams, quoted by Reuters, who offers 1,500 different wine brands and tried them all, and most of his wrestling comes from abroad.
– I'm not losing my sleep yet, but maybe I should. I don't know how serious the effects will be, but 90 percent of wines in my offer come from abroad – from France and Italy. It's all fault from small, family vineyards, independent producers, and not mass -produced drinks that can be found in grocery stores – he said.
He added that there are almost no new supplies from abroad, because distributors and importers adopted the attitude “we are waiting and seeing”.
– I don't know what will happen. I have eight employees who are like a family. I have to take care of them. But what will happen here, I don't know. I will not sell mass -produced wine – he emphasized.
The USa will go to the USA
“In short, prices will go up,” said Ryan Stanton, general director of a medium -sized wine importing company, Ultimate Wine Distributors, based in Atlanta.
– Buy American – sounds great in theory, but there are many things that we do not produce and cannot be produced in America – he added. He explained that currently wine from France is not sent because “everyone is waiting for the dust to fall.”
Other wine dealers also express fears. The National Association of WiN Sellers in a statement issued at the weekend stated that he was expecting “significant declines in revenues, exemptions and closures of companies”.
Source of the main photo: Trong Nguyen/Shutterstock