- With the closure of the public consultation launched by the Ustr (United States Trade Rapresentative), the new round of carousel of US duties on European imports, scheduled for mid-August in the context of the Boeing-Airbus dispute that weighs heavily on the agri-food made in Italy.
Until now, however, the "cleaver" of the American gabelles has affected Italy mainly on the front of cheeses and spirits, spirits. "A possible duty on exports of still Italian wines would affect above all high-end ones, already heavily penalized by the closure of Horeca in most of the United States, the main sales channel for our fine wines", says Denis Pantini, Nomisma Manager Wine Monitor, based on an analysis of exports of French still wines that on the American market from November 2019 to March 2020 suffered a drop in exports of 24% compared to the same period of the previous year.
A reduction that in volume was lower (-14%) only thanks to a "downgrade" of the wines shipped: until October 2019 - first month of application of the additional duty of 25% - the average export price of still wines French in the US was hovering above 8.5 euros / liter, before hitting a low of 6 euros in March this year. (HANDLE).
Duties: Nomisma, new carousel tour threatens high-end wines
2020-07-27T15:43:13.380Z
"A possible duty on exports of still Italian wines would affect above all high-end ones, already heavily penalized by the closure of Horeca in most of the United States, the main sales channel for our fine wines", says Denis Pantini, Nomisma Manager Wine Monitor (ANSA)
