It is the top-selling wine in the US, but why has President Donald Trump made Americans stockpile Prosecco?
US imports of Italian wine – 90 percent of that Prosecco – skyrocketed by 41 percent in November, following Trump’s election, AP reports – far exceeding consumer demand as importers filled the pipeline for future sales.
It appears American importers have been stockpiling as a hedge against the possible impact of tariffs threatened by Trump.
Lucio Miranda, president of Export USA consultancy group, said: “The technical terms of what is happening is front loading and this is something that is happening. We’ve seen it before during the first administration (Trump’s administration) when they announced extra duty rates. And we see it now.”
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2 Comments
Capitalism is incapable of doing the right thing unless it also happens to be the most profitable thing. The worldwide phase out of animal agriculture, combined with a global switch to a plant-based diet, would effectively halt the increase of atmospheric greenhouse gases for 30 years and give humanity more time to end its reliance on fossil fuels. 90% of emission reductions could be achieved by only replacing ruminants such as cattle and sheep. Research citation: Rapid global phaseout of animal agriculture has the potential to stabilize greenhouse gas levels for 30 years and offset 68 percent of CO2 emissions this century
Eisen MB, Brown PO, 2022.
The Independent is just more fake news and mainstream news that twist and alters what Trump actually does and what actually happened. Especially today with the south african white refugee thing. Just more twisting and altering to make him look bad. Nothing worse than incorrectly reported "news" by hateful angry left wing reporters.