Should a proposed 10% tariff push you to buy foreign wines before the election?

[Jim_Anderson]

@Mark_Golodetz

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.

Love me some A&B Vintners. In need to figure out getting over there and supporting their work for us over many years.

[Mark_Golodetz]

Trying to figure out timing. Since it is a signature part of Trump’s agenda, I suspect it will happen almost immediately, as he does not need Congressional approval.

[David_Bu3ker]

There’s a lag due to publication in the Federal Register and comment period, but likely no later than July 2025 IMO.

[Tom_G_l_a_s_g_o_w]

This assumes those “norms” will be in effect.

[David_Bu3ker]

He doesn’t know or care about the mechanics, so it will just plod along.

[AndrewH]

@Tom_G_l_a_s_g_o_w

This assumes those “norms” will be in effect.

There are plenty of industries that would challenge implementation contrary to legal process, which would prevent collection of tariffs until the proper process concludes.

For that matter, depending on the basis for implementing tariffs those challenges could go beyond just proper notice issues.

[Nick_Gangas]

Concerning the tariff on wine, if t’s part of a larger overall agreement wouldn’t he bypass those to keep the trade agreement in place ?

[Ian_Dorin]

There is something like millions of dollars in computers that needs to be updated so that the proper accounting can take place.

[David_Bu3ker]

You’re kidding, right?

[Andrew_K]

I think the USD strength combined with the Euro crashing should push you to buy foreign wine now.

[Dan_Kravitz]

@Andrew_K

I think the USD strength combined with the Euro crashing should push you to buy foreign wine now.

Only if you’re buying in Euros, and/or the price you pay reflects current exchange rates.

I am in the process of selling a significant Euro-denominated asset. It’s taking longer than expected and I AM HURTING!

[Andrew_K]

Yeah unfortunately I just bought a bunch of wine in Euros last month at 1.11.

[Alan_Rath]

I think I’ll buy a couple extra bottles of Mezcal, just to be safe lol

https://thehill.com/business/5009285-trump-new-tariffs-canada-mexico-china/

[David_Bu3ker]

And some avocados

[Jim_Anderson]

@David_Bu3ker

And some avocados

And gas.

[Ron_Erickson]

Don’t forget Tequila

[Dav3_Dyr0ff]

Might not be the worst idea to just Black Friday anything non-perishable until all your cards are maxed out.

[AndrewH]

I’m loading up on Ao Yun.

[Jason_T]

@Dav3_Dyr0ff

Might not be the worst idea to just Black Friday anything non-perishable until all your cards are maxed out.

I’m more or less doing this for my mom in a few weeks. She’s not terribly mobile and on a fixed income. Massive Costco run incoming (I’d just Black Friday the whole thing but I won’t be in the US then and she’s not really able to receive shipments on her own due to where she’s based).

[ToddFrench]

Just spoke with a WB darling direct importer/retailer about this situation, actually. He waited to ship all his wines in one 40’ container (much to our chagrin, as many were delayed extensively as a result) and had to arrange to have it shipped recently to avoid the forthcoming tariff situation, so definitely the importers are thinking about it and acting on it.