{"id":11335,"date":"2020-02-12T18:08:00","date_gmt":"2020-02-12T18:08:00","guid":{"rendered":"https:\/\/divinonyc.com\/blog\/?p=11335"},"modified":"2020-11-29T03:59:24","modified_gmt":"2020-11-29T08:59:24","slug":"trump-tariffs-punish-all-americans-not-just-wine","status":"publish","type":"post","link":"https:\/\/divino.wine\/trump-tariffs-punish-all-americans-not-just-wine\/","title":{"rendered":"Tariffs Punish All Americans. Not Just Wine."},"content":{"rendered":"\n
Tariffs are taxes on imported goods. The resale of imported goods, from machine parts to citrus is a bedrock of the American economy. If you are reading this, something (most likely your device) did not originate on American soil. <\/p>\n\n\n\n
Hundreds of thousands of people rely on imported goods whether they’re making nails in mid-Missouri <\/a><\/strong>to making margins during happy hour in a Midtown, Manhattan restaurant with $10 glasses of Bordeaux. <\/p>\n\n\n\n American consumers are largely unaware of price fluctuations. Importers and distributors have spent decades building a market for their products, and plenty of negotiation happens with suppliers in origin countries. <\/p>\n\n\n\n Some industries receive government subsidies when their livelihoods are threatened by government-imposed tariffs or retaliatory tariffs in other countries, like soybean farmers affected by Trump’s trade war with China<\/strong><\/a>. While subsidies do little to alleviate the pain, in some instances they allow business owners to plan for the coming year. <\/p>\n\n\n\n The wine and food industries affected by the proposed 100% tariffs<\/a> <\/strong>will NOT receive any subsidies. <\/p>\n\n\n\n Some industries have enough leverage in Washington to appeal for tariff exemptions. The aforementioned mid-Missouri nail factory that saw sales drop by 60% following Trump’s steel tariffs, finally received an exemption after 10 months, which will allow them to return to competitive pricing, and yet the damage was done. <\/a> <\/strong><\/p>\n\n\n\n In October 2019 the Trump administration placed a 25% tariff<\/strong> <\/a>on imported wines, whiskey, and other European goods in retaliation for European subsidies to Airbus, a producer of large aircrafts and competitor to American Boing. See the full list<\/strong>. <\/a><\/p>\n\n\n\n Where and when possible, importers and distributors absorbed the added costs to keep prices, and therefore their customer base, consistent. While you may have read about it, it’s unlikely you noticed a radical price increase in Parmigiano Reggiano or Greek yogurt at your local grocery story. That will change.<\/p>\n\n\n\nTariffs, Subsidies, and Exemptions<\/h2>\n\n\n\n
Subsidies<\/h3>\n\n\n\n
Exemptions<\/h3>\n\n\n\n
Not Just Wine<\/h2>\n\n\n\n