Tuesday, January 7, 2020

Trump 100% Tariffs on French Wines

Trump 100% Tariffs on French Wines

Trump 100% Tariffs on French Wines by ©LeDomduVin 2020
Trump 100% Tariffs on French Wines by ©LeDomduVin 2020

As if the 25% Tax on European products was not enough (effective since October 18th, 2019),  late December 2019, the Trump administration threatened to impose a tariff up to 100% on French products (including handbags, clothing, wine, cheese and other products) after France passed a tax on digital services in July 2019. On Monday, January 6, 2020, France warned that it would retaliate if the US followed through with the proposal to slap tariffs on $2.4 billion worth of its products.

Such high tariff would be devastating on both sides of the Atlantic, at both ends of the process from the producers in France to the consumers in the US and everyone in between (importers, wholesalers, brokers, distributors, agents, promoters, retailers, restaurants, bistros, bars, hotels, etc, etc… and consequently would be catastrophic for both Americans and foreigners working in the wine and beverage industry overall in the US.  

So I wrote this post and made this illustration to express my discontent and the fact that I'm opposed to such high tariff on French products.  You will note how I intentionally wrote: "loosers" with 2 "o" and not only 1. The urban dictionary says that "loosers" are losers who can't spell losers, which seems appropriate for a guy like Trump. 

Regarding the 100% Tariff on French wines 

The tariff on French wines will do more bad than good on both sides of the Atlantic, but more especially on the American side. Thousands of people will be affected and a lot of them will lose their jobs. 

The tariff will affect all people at both ends: the producers, winemakers, growers, Negociants, agents, but also, importers, wholesalers, brokers, distributors, retailers, promoters, restaurants, bars, bistros, hotels, etc, etc... and even the consumers. 

The U.S. is the largest consumer of French wines and spirits, importing $3.5 billion worth of bottles in 2018, up 4.6 percent from the previous year, according to the Federation of French Wines and Spirit Exporters. 

The U.S. is also the 5th largest customer of French Wines based on sales volumes. 

No Wine Tariffs Sign
No Wine Tariffs Sign

Therefore, it is wrong and would be a mistake to think that imposing a 100% Tariff on French wines would do any good to the US economy and all the people working in the wine industry in the US. 

And consequently, I think I that it would be wise to reconsider applying this tariff. 

The 25% tax effective on October 18th 2019, already deeply affected the wine market and the wine industry, a 100% tariff will kill it. 

There are two things you can do if you too are against the 100% Tariffs on French Wines. 

1. You can leave a comment on the government official websites, it is very important and the sooner the better, as the tariffs might be effective as of mid-February 2020 (click the following link) 

2. You can also join a Facebook group like "Organizing Wine Tariff Response" or others, and voice out your disagreement about the tariffs on French wines (French products in general). 

Thank you for your understanding and help on the matter. 

LeDomduVin (a French-American Sommelier) 

#winetariffs #nowinetariffs #trumpwinetariffs #tariffsonfrenchwines #wine #vin #vino #wine @ledomduvin #ledomduvin #lesillustrationsadom #lescollagesadom #lesdessinsadom 

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