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Mon Jan 13, 2020, 09:27 PM

Champagne Tariffs Could Double Prices In US, Trigger 50,000 Job Losses

The Trump administration is considering 100% tariffs on French goods, including wine and champagne, in response to the country’s planned digital services tax, reported Reuters.

This would mean a $70 bottle of Moet & Chandon Grand Vintage could cost $130 if the new round of tariffs is implemented.

https://www.zerohedge.com/markets/us-champagne-tariffs-could-double-prices-trigger-50000-job-losses

I'm guessing that a $70 bottle of Champagne is valued at about $40 at the port of entry. Thus, a 100% tariff would add $40 to the price, or raise the retail to $110, a 57% increase.

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Reply Champagne Tariffs Could Double Prices In US, Trigger 50,000 Job Losses (Original post)
Troll2 Monday OP
Da Mannn Monday #1
quad489 Monday #2
Grumpy Pickle Tuesday #3
batcat Tuesday #4
Grumpy Pickle Tuesday #6
Charlie Mike Tuesday #5
outside Tuesday #7
Dumper Tuesday #8

Response to Troll2 (Original post)

Mon Jan 13, 2020, 10:20 PM

1. LOL @ 50k job losses. spin spin spin

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Response to Troll2 (Original post)

Mon Jan 13, 2020, 10:20 PM

2. ''could cost the industry upwards of 50,000 jobs''....sure it will.

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Response to Troll2 (Original post)

Tue Jan 14, 2020, 12:43 AM

3. I drink French Champagne once a year...

....and I will continue to drink French Champagne once a year.

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Response to Grumpy Pickle (Reply #3)

Tue Jan 14, 2020, 01:37 AM

4. I can not remember the last time I drank champagne, ...

Probably ten years ago.

For the price of one bottle of French champagne I can buy a lot of my favorite beers, Guinness Extra Stout or Guinness Blonde.

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Response to batcat (Reply #4)

Tue Jan 14, 2020, 08:55 PM

6. Agree.

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Response to Troll2 (Original post)

Tue Jan 14, 2020, 06:05 AM

5. Oh, no! This shall impact bath time dreadfully!

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Response to Troll2 (Original post)

Tue Jan 14, 2020, 10:02 PM

7. You guys told us

this in 2016.

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Response to outside (Reply #7)

Tue Jan 14, 2020, 10:27 PM

8. And it NEVER happened! Chicken Little strikes once again!

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