Forbes contributor Jessica Dupuy published an informative article, “Wine Tariffs: A Complicated Problem With Uncertain Outcomes,” which delves into the complexities surrounding the potential implementation of new wine tariffs in the United States. Dupuy incorporates insights from industry experts, including VINTUS President & COO Alex Michas, to shed light on the potential repercussions of the tariffs.
The piece examines the multifaceted impact such tariffs could have on various stakeholders within the U.S. wine industry, including importers, distributors, retailers, and consumers. Dupuy emphasizes the importance of preparation and strategic planning to navigate the uncertain outcomes that these tariffs may bring.
Michas provides valuable commentary on the subject, first reflecting on how producers, importers, and distributors worked hard “the last time tariffs were implemented, reducing their own margins, to lessen the impact to consumers.” He adds, “Given the state of the industry today and the potential higher level of tariffs now, we can’t expect that to happen. If 20% is the tariff imposed, then 20% is what consumers could expect to see on imported wines.”
Alex is quoted throughout the story, along with other industry peers. Overall, the article serves as a comprehensive overview of the current state of affairs regarding wine tariffs, highlighting the intricate web of factors that industry participants must consider as they brace for possible changes in trade policies. Read the whole story HERE