The US government issued a notice regarding Deferment of Duty Payments on April 12th. As explained this this document, there are two key points from this notice, and both are unfortunate.
- This announcement details that we are ultimately not eligible for this deferment, only when “gross receipts of such importer for March 13-31, 2020 or April 2020 are less than 60 percent of the gross receipts for the comparable period in 2019.“
- Secondly, this deferment does not apply to the 25% tariff:
Unfortunately, while the government issued some form of relief, it appears our industry is not poised to benefit from it. Please let us know if you have any questions or concerns. Subscribe to the US Wine Trade Alliance to stay up to date on all matters surrounding the tariffs on wine.