U.S. Consumers Paid More Than the Tariff Cost on European Wines
North Carolina , 27th October
A study from Duke University’s Department of Economics found that U.S. consumers ultimately paid more than the tariff amount on European wines during the 2019–2021 trade dispute. This means American consumers bore higher costs than the federal government collected in tariff revenue.
Will Pragmatism trump over politics.
The U.S. has imposed tariffs: 30% on Swiss, 20% on EU, 10% on UK. While less severe than a proposed 200% alcohol tax, they impact wine producers. The EU threatens retaliation, raising trade war concerns. Macron and von der Leyen push for negotiations, hoping pragmatism prevails over economic conflict.
