Remember when United States Secretary of Commerce Wilbur Ross did his cute little presentation on talk shows with a Cambell’s Soup can and assured us this whole tariff business was no big deal?
He was wrong.
China has decided to hit back in the worst possible way: 15% grape tariff.
Since American grape exporters can expect less revenue from China, they will try to generate that revenue elsewhere.
And that elsewhere, we fear here at The Grape Report, will be the wallets of American consumers.
Fortunately, prices are holding constant at the moment.
So run, don’t walk, to your preferred grape merchant and stock up on grapes to help you through this period of Chinese aggression.