A Tariff Loophole Has Tripled Imports of Higher-ABV Wines
  • 3 years ago
When the Trump administration slapped a 25% tariff on European wine, everyone knew the change would affect business.However, one change may not have been immediately apparent: imports of stronger wines are spiking.Imports of European wines over 14% ABV have tripled—up to $434 million from just about $150 million a year ago.When the Trump administration applied its tariffs, the duties only applied to wines up to 14% alcohol.So importers have gravitated towards importing more wines over 14% ABV.The hope is that the Biden administration will remove these tariffs not long after taking office.If so, wine lovers will once again find it easier to enjoy all those 13.98% ABV wines they’ve been missing
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