3 Jun 2017 / 11:06

United States. Tax on wine imports. For or against?

After saying goodbye to free trade agreements with Europe, the next American protectionist move could be the imposition of a 20% tax on all imports into the United States, including wine.

United States. Tax on wine imports. For or against?

After saying goodbye to free trade agreements with Europe, the next American protectionist move could be the imposition of a 20% tax on all imports into the United States, including wine.

The proposal from President DonaldTrumpcould have wide approval. According to a recent poll from Harvard-Harris Poll in collaboration with the Harvard Center for American Political Studies carried out on a sample of 2027 voters, 62%of Americans would favor taxing imports. In particular, 77%of Republicans were in favor of such taxes, 61%of independents and 51%of Democrats. Less enthusiastic about such a proposal were retailers, convinced that an import tax would harm the entire sector.

Among those in favor, the general opinion, according to Trump’s reasoning, is that a tax would increase domestic production and thus American jobs. The same poll showed that about half of Americans believe that Trump will not be able to impose such a tax due to the strong opposition he faces from the Democrats. In the first two months of 2017, American imports of wine amounted to 1.56 millionhectoliters (+7.8%compared to the same period in 2016) for a value of 622.6 milliondollars (+10.1%compared to 2016). Is this the beginning of a USA-EU trading battle, as the Wall Street Journal suggests?

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