Re:Airbus hit as new US tariffs come into force
by medium_burrito on Tuesday January 12, 2021 @11:37AM
(#25749261)
It's genius. French wines are consumed by a tiny portion of Americans, so it basically only affects a small slice of people who don't care if it costs a bit more.
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Re:Airbus hit as new US tariffs come into force
by stickfigure on Tuesday January 12, 2021 @02:21PM
(#25752024)
French wine is not more or less expensive than domestic wine; there are cheap and expensive options for both. It does, generally, have a different flavor profile.
I'm nowhere near a 1%er and I strongly prefer the taste of old world wines. Count me among the annoyed.
Re:Airbus hit as new US tariffs come into force
by cycrutchfield on Tuesday January 12, 2021 @12:39PM
(#25750284)
That’s BS. Plenty of people care that it costs more. It also hurts American distributors of French wine as well, many have had their businesses suffer as a result of this stupid trade war.
Re:Airbus hit as new US tariffs come into force
by esyir on Tuesday January 12, 2021 @01:01PM
(#25750676)
Wine is weakly fungible. Specific wines, not so much, but I believe that the category of French wines can be effectively cross supplied by domestic American. Demand for wine should, in theory, shift there.
Re:Airbus hit as new US tariffs come into force
by cycrutchfield on Tuesday January 12, 2021 @01:57PM
(#25751629)
>I believe that the category of French wines can be effectively cross supplied by domestic American
For the majority of the population, maybe. But for people that actually care about wine, this couldn't be farther from the truth. It's kind of like saying that domestic American whiskeys are roughly equivalent to Scotch.
Re:Airbus hit as new US tariffs come into force
by esyir on Wednesday January 13, 2021 @01:20AM
(#25758852)
Sure, not denying that, especially for the more hardcore wine aficionados out there. That's why I said weakly fungible, and not perfectly. However, I do believe that the intended result will happen still, and there will be a shift of spending from French -> US domestic.
It's bad for the consumer, but that applies to anything that isn't fully free trade.