President Trump’s Mexican tariff threat dominated most of the recent headlines, but in the beverage industry it was this Trumpian brain fart that received the most attention:
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| https://www.decanter.com/wine-news/its-not-fair-trump-french-wine-tariffs-complaint-418155/ |
The issue was summarized as follows:
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| https://markets.businessinsider.com/news/stocks/china-mexico-france-trump-attacks-not-fair-french-wine-tariffs-2019-6-1028269364 |
Trump has a point here but it may be for naught. The fastest growing importer of wine in the world is China. Trump worrying about and screwing with EU wine producers may even prove to be counter productive because the bottom line is – folks over there are not going to drink American-produced wines anyway regardless of the cost. This from an excellent Fortune magazine article on the subject:
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Re: the China wine market, I found this video on the matter: 