Anyone in Canada want to help start a smuggling operation? We did it during prohibition, and we can do it again. I’d think between prescription drugs, fine wine, olive oil, and weed, there is some good money to be made. Seriously, a 100% tariff on all wine will have me singin’ Tim Hardin, “I’m a wine runner, I built myself a ship”:
Winters are still rather cold until next phase global warming?
Inadequate hockey knowledge likely to inspire mild mannered bullying from natives?
All that free healthcare must seem gauche while friends and family go broke paying to treat common ailments?
… that’s all I’ve got.
kidding (kind of) but I do gather that the wine buying situation north of the border is one of the few negatives when compared to our situation, but not sure how that plays out after all of these tariffs.
I think it’s just Ontario and Quebec with the state run wine shops–like Pennsylvania here. My cousin, Jack Roslovic, plays hockey for the Winnipeg Jets. Climate change is coming and I already like many wines from the Niagara Bench. Seriously, why don’t I move to Canada?I love skiing and the cold even? I hear, “Love it or leave it!” and think would you help me leave it? Maybe I’ll wait around to see what happens in November next year.
I suspect you are both right, in a way. John for logic, Thomas for what businesses will try to do.
The unknown is the tolerance of wine buyers for price increases. I would suspect that for wines which are not iconic, it is not that large. Ther is no way that I am going to pay double for a champagne that is merely excellent. If I were in the US I would jealously guard what I have, switch to alternatives in the meantime thereby saving a bunch of money.
At the end of the day 20% of nothing is, well, nothing.
So how would you fix the problem caused by the tech companies manipulating the tax regimes to evade paying their fair share of taxes ?
It is this kind of behaviour that gives capitalism a bad name.
I’m not certain but I think it’s only Alberta that has a quasi private system.
Yes the Ontario wine buying and importing system is less than ideal. I look on it as a system of voluntary taxes. Choice is sometimes not as wide as one would like (and in others too wide - hello $20 Aussie Shiraz ) but it’s not like there is a dearth of excellent wines in any category. I regard this as a small price to pay for all the other benefits of living here.
…
Yes, Many excellent reds in Okanagan Valley, Ontario Chardonnay can be world class, as the London tastings are proving (check Jancis’s reports on this years cool climate tasting). Pinot Noir from PEC an Niagara also excellent, and Cab Franc also. (People rave about Riesling but I’m not convinced yet). So we can watch the evolution of local wine wine making.
If the tariffs, which previously spared Italian wine, now will encompass Italian wine and be 100%. It would be a doubling of all 2016 Barolo prices, even if producers kept prices the same.
It would be much more than double. An importer can’t function like that. The tariff, at the time of payment due solely lies at the responsibility of the importer. COGS = € wine, $ transport, $ duties and fees, $ Trump Tariff, importer margin = landing in US. Then you have both wholesale and retail margins. If you think we importers are this wealthy business subset, think again… we’re all struggling to make it. Very little is 100% sold on landing, so then you have to pay this huge chunk of cash upfront, take out a business loan or spend the LOC you have and hope to hell that your distributors don’t say “oh sorry that’s too expensive, I can only take 5 cases instead of the normal 60 cases… on the rest Ali side they get the backlash of the consumer who before was paying $x and now it’s $$$xxx??? All for what? So Donnie can cozy up to his big pocket donors that are heavily invested in the airplane manufacturer who’s planes inexplicably fall out of the sky. And the rest of his masses of constituents, sit at home eating hotdogs, cardboard pizza, taterchips and sloshing it down with a nice supersized cola, while they watch Fox News and get their racist fix for the night.
No. As mentioned above it also hits most of the gourmet products I import (including the jamones etc.) I make the wine and the olive oil, so my margin is acceptable and workable. I have not thrown in the towel yet, but things look very bleak. I will be facing selling my home, etc. I cannot support my daughter, myself and a business in Spain if I can’t import my products to my main market. This is pure and simple an abuse of power and manipulation of markets to serve big businesses of which he certainly has cronies benefiting which most definitely includes Putin.
Living in Florida, where we are getting overrun with Northerners trying to escape taxes and cold weather, I can only hope more people share your sentiments
I’m not sure that’s it’s inexplicable why the Boeings fall out of the sky. The root cause is pretty clear: blind pursuit of short term profit at the cost of safety. The irony of course is that once all the law suits are settled, sales take a hit, regulatory fines (well maybe not that under the current regime, which I guess was part of Nolas point), long term profit will have been severely impaired - or it damn well should be. Incentives in too many businesses are totally screwed up. Increase the stock price next quarter and to hell with the next five or ten years, or the impact on customers etc etc .
My color is that a 100% tariff increase is not locked in. “Getting Dems to support NAFTA amendment is viewed as a win in the White House, which relieves the pressure to get another win elsewhere”.
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