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With the hospitality industry reeling from the effects of the COVID19 pandemic, this webinar will highlight how tariffs at this time could be a knock-out blow for many businesses.
Since October 2019, the United States has levied a 25 percent tariff on a range of wine and spirits products from European Union as part of a long-running trade dispute between the two bodies related to government subsidies for civil aircrafts manufactured by Boeing and Airbus. As a result, these products have become more expensive to purchase from our supplier and importer partners, prices have risen for consumers, and U.S. alcohol industry jobs have been threatened.
By August 12, the United States Trade Representative (USTR) must review these tariffs and decide whether to modify, remove, or replace all products on the list of products tariffed or increase or decrease the tariff levels. In a concerning development, USTR also included a new "supplemental" list of EU products, which includes vodka, gin, and beer from the UK, Germany, France, and Spain that could potentially be subject to new tariffs. In addition, USTR has initiated a separate investigation related to Digital Services Taxes (DSTs) adopted or under consideration by a number of countries to determine whether the policies are unreasonable or discriminatory or restrict U.S. commerce. This investigation could potentially lead to further tariffs on wine and spirits imports.
Join Wine & Spirits Wholesalers of America and a panel of industry experts as they discuss Tariffs on Wine and Spirits: Current Impact & Future Threats.
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