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00:00We finally made it.
00:02It was a long drive.
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00:08I hope you enjoyed the video.
00:10It is a bit of a long way to get here.
00:12I will come back in another video.
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00:16Thanks for watching.
00:18I hope you enjoyed the video.
00:20I am glad I made it.
00:22I am happy to be back.
00:24I am glad I made it.
00:26I hope you enjoyed the video.
00:28So, we're paying 100% more than what they are in Germany, I mean more than 100%.
00:47So when we ship 100 baskets to Germany, it's $12,900 in tariffs for pickling baskets.
00:53When they ship 100 baskets to us, it's $125, right?
00:58So that is over 100% tariff, right?
01:02That is wildly unfair to all the workers here.
01:17I think all administrations over the last 20-something years have dropped the ball.
01:22They're not worried.
01:24They're not thinking about the poor worker here and the opportunities that could be created
01:29if we had a level playing field.
01:30So it's not just the Biden administration, it's all the prior administrations over the
01:34last 20-something years.
01:36They tolerated this.
01:37And it's crazy that China's in the World Trade Organization.
01:40How can they possibly be?
01:42They debase their currency, they dump effluent into the Yangtze River, they have subsidies
01:51on exports, they have subsidies on steel, they have subsidies on labor.
01:55It's not fair.
01:56We have to have a level playing field.
02:15I think it's a fair world.
02:17Why are we subsidizing Germany?
02:19We did that in the Bretton Woods and right after World War II to bring their shambles
02:24of an economy up.
02:26We did them as a solid to England, as a solid to France.
02:29We did this as a generous country.
02:31That made sense right after World War II.
02:34We're way beyond that now.
02:36It doesn't make sense now.
03:06Well, certainly, we're very concerned about the tariffs, you know, increased costs that
03:35are already going to be tapping into already tight margins, and certainly the impact on
03:41our customers.
03:42You know, who's going to pay $75 for what was a $25 bottle of wine?
03:48European wines make up about two-thirds of our wine selections here at Decanter.
03:53And our customers tend to select or come into the store for European wine styles.
04:14Wine tariffs marked at 200% is going to significantly affect independent wine retailers.
04:22All businesses, really, throughout the chain, the supply chain of wine, we're talking about
04:28potential store closures, layoffs, loss of taxes for our local communities, and increasing
04:38tax deficits for our states and local governments.
04:43The potential impact of this can be catastrophic.
04:54These kinds of proposals really threaten our livelihood and our ability to plan for growth
05:02and expansion, which benefits the American economy and our communities.