Tuesday, 7 January 2020

Trump's Wine Tariffs



What does wine have to do with airplanes, aside from being served in the air? Just 7 days from today, it's likely that Trump will increase the tariffs on European wines by 100%. That's on top of the 25% already levied earlier this year, all to punish the Europeans for subsidising Airbus, Boeing's major competitor. This at a time when Boeing can't deliver on its 737 Max and they are being forced to compensate airlines for their losses.

Protecting American businesses against unfair practices is certainly admirable, but there has got to be a better way, especially when it comes to a company in trouble of their own making. The American worker is going to be the one hurt by it. The American wine lobby is probably standing in line to support Trump's re-election campaign.

Oh well, more for us, I guess.


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