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New wine, cheese tariffs worry small business owners

October 18, 2019 / Ken Martin
SHARESHARESHARE

A new round of tariffs took effect on Friday, but they have nothing to do with China or North Korea.
These duties imposed by the United States are on products that many Americans enjoy.The Trump administration imposed duties on wine, liquor and cheese from Europe and they couldn't come at a worse time for small retailers, given the approaching holiday season when many make their money for the entire year.No one expects consumers to completely abandon Bordeaux and other wines from France, Scotch whisky or cheeses like Parmesan or Roquefort when the 25 percent tariffs take effect Friday.Wine retailers, distributors and importers already expect some customers to seek reds and whites from countries whose products aren't being taxed. And any signs that customers are balking at higher prices will force retailers to absorb their increased costs.