Specialty Food Magazine

Spring 2020

Specialty Food Magazine is the leading publication for retailers, manufacturers and foodservice professionals in the specialty food trade. It provides news, trends and business-building insights that help readers keep their businesses competitive.

Issue link: https://www.e-digitaleditions.com/i/1220124

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Page 29 of 75

SPRING 2020 27 Fancy Food Show Booth #1037 What about other products impacted by the tariffs, such as meats and cheeses? It's imported the same way. Importers will have to put out more capital, and the economics that people have spent lifetimes building will shift. They will be impacted, and again, the consumer will be impacted by higher prices. How do you see the tariffs impacting the European producers? For the most part, producers in Europe have other markets. We are going to lose out, because they are going to sell to places like China, which is a huge market right now, or other EU countries. Then, are we going to get that back? Do they want to start a relationship again with us if tariffs might go up again in another five years? Part of what this industry is built on for importation and distribution is relationships. If you lose those relationships, you lose your business, and I don't know how you get those back, other than build them up, painstakingly, again, over many years. Jill Weber, owner of Jet Wine Bar, Rex 1516, and Cafe Ynez, on Tariff Impact How do you expect the latest tariffs to impact your restaurants? The tariffs have not impacted our business so far because the importers have eaten a lot of the costs. The costs have not made it as far as the restaurant industry and the consumer yet. But obviously, when these tariffs go higher, then these companies can't do that anymore. Certainly, a lot of jobs will be lost because the added cost of bringing wine into the country will require greater capital at the start, and a lot of businesses won't have that capital to pay initially. So, we will start to see fewer importers and distributors, and we will start to see fewer wines, and there will be a snowball effect, with lost jobs, lost choices, lost everything, basically. We'll end up with a couple of wines on our shelves, and they will all be very expensive. PHOTO: LEXY PIERCE, PUNCH MEDIA

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