China is one of California’ s greatest importers of wine
China just introduced plans to add a 15% contract price on U. S. wine
Just three days ago, the trade group representing California’ s i9000 vintners issued a written report showing China was among the best importers of the Golden State’ ersus wine, bringing in almost $79 mil worth of U. S. wines last year.
“ China has a growing middle class that is traveling away from country and adopting many Traditional western tastes, ” Christopher Beros, your wine Institute’ s trade director meant for China and Pacific Rim, mentioned at the time. “ We expect this particular trend to continue for the foreseeable future. ”
So maybe not. China just introduced plans to add a 15 % tariff on a range of U. Ersus. products from pipes, to fresh fruit, to — yes, wine.
The charges, in response to ones President Donald Trump ordered on Chinese products previously Thursday, could put a real drop in Wine Country revenue development. China’ s thirst for brought in wine has increased 2 . 5 instances in the past five years.
“ Customer one of our largest export marketplaces — we’ re already costly, because they already have existing duties plus tariffs, ” said Michael Honig, president of Honig Vineyard & Winery and past chairman from the Napa Valley Vintners Association. “ It’ s a burgeoning marketplace that we had been hoping to make excellent strides in growing forward. ”
A 15 % tariff is going to make that goal “ very difficult, ” he said. “ It will have a big impact on our capability to sell and be competitive. ”