Posted on 01/13/2020 6:13:24 PM PST by dynachrome
Lovers of Champagne and other French sparkling wines should brace for big cost increases if the United States makes good on a threat to impose 100% tariffs on French goods in a dispute over the country’s planned digital services tax. A $70 bottle of Moet & Chandon Grand Vintage could surge to $130, for example, said David Parker, chief executive of Benchmark Wine Group, the largest U.S. supplier of fine and rare wines for wine retailers.
The U.S. government said in December it may slap duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products over the tax, which it concluded would harm U.S. tech companies.
(Excerpt) Read more at reuters.com ...
Who has woe?
Buy American!
I’m but a teetotaler but what will I do to replace my desire for a brand new Renault?
You have to look far and wide for bad news in this economy...
Who has the O NOES gif?
King Cobra, Old English 800 and Mickey’s are all you need!
If you can afford to spend $70 on a bottle of wine or spirits, you can afford to spend $130.
New York City, Hollywierd and Washington DC hit hardest. Oh the humanity!
I’m wondering if there are tariffs on Guinness - but some of it is made in America, now :-)
Have to go back to those bottles of Dom Deluise.
LOL! Well if there freehand embroidery hobbyists out there go buy your DMC floss before the tariffs kick in
...and Hollywood elites weep.
Digital Services tax doesn’t hit Big Tech. It hits Hollywood. They own the content.
The delivery provider (or manufacturer of equipment) don’t see as much.
The French wine industry is being penalized for the trade policies of the French government in its massive penalties against American tech companies.
Hopefully the French will see the light. And hopefully the US tech companies will see that the USA under Trump is their best friend and stop attacking Trump and the US.
My before dinner aperitif will not deviate to lower standards.
Don’t buy products made by surrender monkeys.
Israeli and Chinese wines are excellent substitutes and are cheaper.
Domaine Chandon Brut Classic from Yountville, California is a amazing value-priced Moet underrated gem.
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