GRAND JUNCTION, Colo. (KKCO/KJCT)-- The Trump Administration is looking at raising tariffs on many European goods, including French wine.
Local liquor stores say this could be bad for business, and there are concerns about job cuts and less sales with the potential for tariff hikes.
However, locals in Palisade say it should be business as usual for the Grand Valley's wine industry, and it’s possible that our local wine sales could see a boost if the tariffs go through.
"Its going to impact a lot of small business, because they can't afford to buy the product in high volume," said Owner of Redlands Liquor, Vuthy Sihn.
"If people can't buy, or won't buy European wines because they are so expensive, maybe they will buy Colorado wines, and we'll get some new customers,” said Co-owner of Colorado Cellars, Richard Turley.
In December of 2019, the European Union said they would retaliate if President Trump put in these tariffs.
The potential for the tariffs comes in response to two trade disputes in Europe, one involving aerospace company Airbus, and the other has to do with a French tax on digital services like Facebook.