4.9 • 866 Ratings
🗓️ 9 January 2020
⏱️ 69 minutes
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0:00.0 | Yeah, I'm excited about today. |
0:01.6 | You sent me, like, beforehand, here's some info so we don't look stupid. |
0:05.3 | And then I started reading, I'm like, well, I'm going to look stupid. |
0:18.0 | What's up, everybody? |
0:19.0 | It is episode 235 of Bourbon Pursuit. And this week we are back in action |
0:24.2 | yet again talking about bourbon. But before we do that, we do have some news to cover. Now, we |
0:29.7 | already know that the trade war, it's going pretty strong. And Bourbon has been hit, and there's |
0:34.3 | no telling if that is ever going to end. But now there's a new target |
0:38.7 | in sight as part of a retaliation effort and we're looking at wine as sort of say more |
0:43.5 | specifically European wine and other kind of European whiskeys. So there is currently a looming |
0:48.9 | trade tariff of up to a hundred percent that would affect all European Union countries |
0:53.8 | selling wine and |
0:55.4 | other spirits to the United States. Now, wine in general is imported as a $20 billion year |
1:01.7 | industry here in the States. And this follows already an existing round of 25 percent tariffs |
1:06.4 | that have been levied back in October against Spain, France, Germany, and the United Kingdom. |
1:11.8 | American wine drinkers would be faced with fewer wines coming to America from the EU, |
1:16.0 | especially those made by small independent producers, |
1:19.7 | and you can expect higher prices on those bottles that do make it in. |
1:23.3 | For those that make a livelihood in the wine trade, the mood is less than stellar. |
1:28.7 | Importers, distributors, wine shop owners, Somalias, and grocery store wine buyers said |
1:33.6 | that they fear that we'd have to impose salary or staffing cuts as a result of dramatically |
1:38.4 | reduced profit margins. |
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