CLEAN : US uncorks a bottle of job killing wine tariffs on American firms

The video discusses the challenges faced by the wine industry due to tariffs, including increased costs and potential business closures. It highlights the impact on both suppliers and consumers, emphasizing the economic consequences and the strain on small businesses. The discussion includes potential price hikes for wine and the difficulty in maintaining business viability under such conditions.

What discount percentage was negotiated with suppliers to manage the cost increase?

• 15%

• 20%

• 12.5%

• 10%

What is the potential impact of a 100% tariff on the wine business?

• It will lead to a decrease in wine quality.

• It will severely harm the business.

• It will have no effect.

• It will slightly increase profits.

Why is a 100% tariff considered unmanageable for the business?

• The business can easily pass the cost to consumers.

• The tariff would double the cost of wine.

• The business has excess cash reserves.

• The tariff would have no impact on customs clearance.

How would a 100% rise in wine costs affect consumer prices?

• Prices would decrease.

• Prices would remain the same.

• Prices would double, making them less approachable.

• Prices would become more affordable.

What is a potential consequence of the tariff on small businesses?

• Increased business opportunities.

• Closure of many businesses.

• Expansion into new markets.

• Improved customer satisfaction.