Wine industry faces dramatic and ‘calamitous’ impact with Trump administration’s proposed tariffs

  • 📰 latimesfood
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

This holiday season came with a shot of uncertainty and existential dread for wine sellers, importers and sommeliers.

As I pored over bottles on the shelves at Psychic Wines, I talked with one of the Silver Lake shop’s owners about spending time with winemakers abroad.

Neal Rosenthal, who founded the eponymous Rosenthal Wine Merchant in 1977 , describes the proposed tariffs as “calamitous.” “We are shipping as much wine as we can over the next several weeks in advance of the possible tariff increase,” he said, “and we are preparing to make internal company adjustments to cope,” including salary cuts and slashed margins. is no less freaked out.

“It would be devastating, to say the least,” Sylvester said. “We would need to lay off our entire sales and administrative staff. ... The fact that I could lose my business due to an arbitrary government decision and not due to my own failures is both maddening and heartbreaking.”Domaine L.A ., a natural-leaning wine shop on Melrose Avenue that opened in 2009. “I expect supply to tighten, as some importers will delay bringing in inventory as they wait/hope for the tariffs to pass. I’ll personally be able to afford fewer bottles for the shelves … [and] there will indeed be some sticker shock.”These proposed tariffs, if enacted, will affect a range of products, not just wine, which means a host of American businesses dealing in imported products are threatened.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 699. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who cares.... Overpriced grape juice. Trader Joe's 2 buck Chuck still works

If you aren't downing liquor by now you're not serious about disconnecting from this shit show.

Uh oh TheDaynaCollins I better stock up now

Meh.

Of course Trump is destroying wine. He destroys everything good in life

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US businesses warn Trump administration against EU tariffs - Business InsiderAmerican businesses are warning the Trump administration against plans to tariff European wine and cheese. Here's what they're saying.
Source: BusinessInsider - 🏆 729. / 51 Read more »