In times of crisis it’s always best to call on the calming expertise of those truly knowledgeable in their specific areas. Such is the case with our always engaging resident wine authority Kyle Meyer, the Managing Partner of Santa Ana’s Wine Exchange.
On January 12th a 25 percent tariff was placed (with little advance notice) on high-alcohol wines from Europe. Wines that were already paid for by importers that were already in transit from Europe will be assessed with this significant tariff that was not known at the time of purchase.
In late 2019 a 25 percent tariff was placed on lower-alcohol European wines. We’ll discuss the unfortunate tariff situation with Kyle and how they negatively impact wine pricing.