I know this is dangerously close to political content, but it’s also highly relevant to wine buyers. I have just opened a storage account in the UK (it’s cheaper anyway) to deal with any futures which I can’t ship before the election, and any European purchases that I might buy after November.
As I said, this verges on political, so if moderators keep it in wine talk rather than politics, let’s try and keep this only wine related.
With smaller impacts e.g. change in duty, they’ve only moderately changed my buying behaviour, most commonly getting a single purchase in before the cost increases kick in.
10% though is sizeable, and if I were on an upward trajectory in buying, or re-basing my collection towards European wines, maybe I’d have something of a mini buying spree. That might be tempered by whether the party involved were likely to win, and whether they would be expected to follow through with that promise (and how quickly). In general additional tax here is rarely imposed overnight, often being deferred to the start of the next tax year. Hence less need for urgent action.
Is there a proposed wine tariff, or is this speculation?
Whatever it may be in the future, at the moment it’s no more than any other empty campaign promise, so it’s quite premature to discuss it like it’s serious.
FWIW, here is a recent opinion from a policy shop (Capital Alpha) to which I subscribe. They do a pretty good job on the impact of potential policy changes on markets.
Before this year’s election? no.
by the time any policy promises gets enacted, it’ll be close to the next election cycle… 
President can impose up to a 15% tariff for up to 150 days without congressional approval.
Trump won’t impose a tarriff, but let’s keep this thread on wine. 
My guess is that producers and the middlemen would eat most of a 10% tariff. The euro is around $1.08, pretty low if you look at it versus the dollar over the past ten years. We in the US haven’t see the benefit of that, but it’s benefited producers and importers.
Hmm, I wonder if the SO will buy it
so you’d just wait 5 months? and new president swears in next Jan, and i’m guessing adding a wine tariff isn’t item 1 or 10 on his list of priorities…
add the fact that for folks buying new release allocations, you can’t just ‘buy more now’ anyways…
leads to the same conclusion - no… it won’t push me to buy more before the election. 
Which I think makes a lot of sense. Actually, reading Kelly’s very helpful link leads to this quote. I didn’t realize what was suggested previously was a blanket tariff, not something just on wine.
The President of the United States has no statutory authority to levy a tariff on all
countries just because.An across-the-board tariff would be the exclusive purview of Congress, and the
president would need authorization from Congress to impose it.There are certain tariff authorities that the president can exercise at his discretion,
such as Section 301 of the Trade Act of 1974, Section 232 of the Trade Expansion Act
of 1962, and so on.There is no question that Congress has granted the president broad tariff authorities
over time, and that courts have shown deference to the president in the use of tariff
authority. However, Congress has not authorized blanket tariffs.We are not impressed by arguments that a future President Trump could declare the balance of trade to be an
emergency as defined by that old war house, the International Emergency Economic Powers Act of 1977.If so, that would make the U.S. trade deficit one of the longest-running economic emergencies in the history of the planet
I think we can close the thread now 
You guys have already forgotten how the wine (and other stuff) tariffs got implemented in fall of 2019.
Yeah, didn’t the wine tariffs have something to do with a long-running Airbus dispute and nothing at all to do with Trump?
Kinda, sorta. There were already tariffs in place to address that dispute. He who shall not be named used it as an excuse to put some heavy icing on the cake.
My main memory from that era is someone would post something about the tariffs and you’d respond, “no, that’s not correct.” Then someone would post something else and you’d be like “no, that’s still not right.”
Well they weren’t. And they still aren’t.
Who proposed a 10% tariff and what does it entail? I havent heard of any tariff.
He who shall not be named has proposed a 10% tariff on all goods imported to the USA, with higher tariffs for Chinese goods.
So, First Growths with nearly perfect labels? 
