Greenspoon Marder Hospitality, Alcohol & Leisure Blog: Update to Latest Round of US-China Tariffs Hit Wine and Spirits – California Winemakers Nervous
Hospitality, Alcohol & Leisure Blog
May 16, 2019
As an addendum to our last blog entry, the newspaper, The Press Democrat, published in the heart of California wine country (Sonoma), reports that California producers are preparing for a slump in sales as a result of the new round of tariff increases. They report that wine tariffs overall for wine exported to China have increased from 14% to 54% in the past two years. The new tariff rate is in addition to an existing Chinese tax rate of 37% on US wines, bringing the total assessment to 91%. They go on to report that 2018 wine exports to China decreased by 25% vs. 2017. From all appearance, if the trade war continues, 2019 numbers will continue the slide.
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