NYC restaurants are afraid of close tariffs in European wines and souls will collide at the end – with some popular pursuits concerned that taxes can force them from business, Side Dish has learned.
President Trump has threatened to impose a 200% task on Boza from the European Union after the EU pledged to put a 50% tax on US whiskey, which will roll in early April.
While Trump can escalate the size of his tariff as part of his negotiating tricks, the growing trade war poses an existential threat to recently open restaurants like Boni & Mott in Nolita.
Family -led Mediterranean eatery depends on summer sales after expecting a full drink license, owner Mehdi Mokrani told the side dish.
The disturbed restorer said Boni & Mott’s wine list contains wines he had chosen manually from small manufacturers, usually the family -led ships in France and Italy focusing on biodinamic, organic wine.
“Restaurants rely on the sale of boza. If tariffs grow, it will remove us from business,” Mokrani said.
High chef Eric Ripert, the three famous Michelin, played Le Bernard, and Aldo Sohm Wine Bar’s co-owner, said restaurants are prepared for some kind of fee, perhaps more in the 20% to 25% range that Trump ordered in 2019. Those fees were abolished by President Biden.
“I think there will be a fee but not 200%. The last time Trump was in power we had a 25% tax on wines [from France, Spain, the UK and Germany] as well as other luxury items, such as Tartufa. A fee in that range is not good for importers or US or clients, but it is manageable – unlike 200%, ”said Ripert.
Ripert added that his wine lists are global, so he will be injured less than others who are more concentrated in Europe.
“I am pretty optimistic that will not happen. It seems very exaggerated even though it is certainly an opportunity. American businesses that import summer will be penalized,” Ripert said.
A 200% fee would destroy the main importers of summer and soul, as well as distributors.
“We hope that our friends in Europe are not affected, but we can always sell more wines from New Zealand, Argentina, Chile and South Africa,” Ripert said.
Kylie Monagan, who is owned by popular amali on the 60th Eastern road and Calissa in Hamptons, said a 200% fee would be a “death blow to an industry already crippled by pandemia, increasing costs and changes in consumer spending”.
Even worse for summer importers, such as Monagan’s husband, Iacopo di Theodoro, of Classica Wine Merchant.
“It’s a December of everything,” Monagan said. “It’s not just the fact that there may be tariffs, but it’s its uncertainty.”
“When you are talking about goods sent from abroad, the products sent to the SH.BA before the notice will suffer a fee you are not expecting – so a small shipment may have an additional $ 600,000 additional fee to be paid forward. It is a cash flow,” Monagan added.
The high threat of tariffs comes as alcohol sales are prevented from inflation, increased curious movement – and even legalization of cannabis in New York.
“Wine prices from cups and bottles are already crazy in New York, where restaurants already operate under such a thin profit margin, and will continue to become more expensive,” Monagan said.
Andrew Rigie, Executive Director of the New York City Hospitality Alliance, agreed that any tariff costs will eventually be borne by the customer.
“Alcohol tariffs will increase costs for restaurants and bars that serve imported wine and spirits, forcing them to raise prices for customers, absorb financial hit or remove many wines and spirits from their menus – all bad options that damage small businesses and consumers,” Rigie said.
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