And as long as we are talking ’bout New Year’s Eve booze and New Year’s Day hangovers, this letter from wine writer Jon Bonné to Amb. Robert Lighthizer lays out the foolishness of the Trade Wars with France and the European Union rather well. As China is now a growth market, the EU wine producers will sell more there, and over here, our wine export market will be shut out of China’s market and now out of the EU, too.
This will impact a lot of supply chains, too, from warehousing onward, as well as our vintners. It’s a cascade of stupidity and shows us that the Trade Wars are hurting the rest of agriculture, too. It’s not just soy beans, and it is not just factory farms: all of agriculture from wheat and soy to wine and cheese is going to be clobbered.
Here in Seattle one food importer-retailer has a display up of all the things that will be hit, and it was really informative (and highly political) because they also put up domestic products that will be impacted, too.
Jon Bonné’s web site is here. He’s a pro.