What Wine Tariffs Mean for Collectors and Investors
On October 18, 2019, the U.S. imposed a 25-percent tariff on a variety of goods, including wine, imported from the UK as well as three countries of the EU. These countries were found guilty of providing illegal government subsidies to the multinational aerospace company Airbus by the World Trade Organization (WTO). By subsidizing Airbus, the three countries where the corporation’s shares are traded—France, Spain, and Germany—distorted the marketplace for airliner manufacturing in general and the Boeing Company in particular.