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Ben Aneff, managing partner of Tribeca Wine Merchants and the current president of the U.S. Wine Trade Alliance, told Business Insider, "There's a reality that most of the businesses that import and distribute these wines, they simply do not have the cash flow to deal with these tariffs long-term." He added, "There's going to come a point where they simply cannot afford to bring them in."
So, is there hope? When the 25 percent tariff was enacted in October of 2019, whiskey was also included in the list of taxed items. Food & Wine reported that prior to the tariff taking effect, some savvy single malt Scotch producers switched to shipping their product by air, rather than by sea, circumventing the tariff altogether. Is it possible the wine industry could find a similarly creative solution? Let's all ponder that over a glass of Bordeaux, shall we?
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August 18, 2020 at 03:24AM
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The pandemic might be getting worse for wine lovers - Mashed
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