[d1sxeyes]

Wine is a good example because it’s not fungible: one bottle of red wine is not like any others. If you have a domestic wine industry, it likely can’t compete on quality with French wine.

So if France can export wine at a price that’s reasonable enough, your domestic wine industry will fail, undercut completely by cheap French imports.

Tariffs in and of themselves are not all dreadful. They help level the playing field and support domestic industry.

But you can’t go from decades of offshoring manufacturing to suddenly charging punitive tariffs without making imported goods (which were the only ones your citizens could afford) much more expensive, and therefore, yes, folks might buy wine less often altogether.

[wqaatwt]

IMHO it’s pretty fungible at least outside the high-end stuff. Most people would hardly notice where the wine comes from (aside from specific types of grapes and such)

[d1sxeyes]

I'm surprised to hear that. In my experience, most people tend towards the other end (believing themselves to be connoisseurs, etc.) rather than 'just give me the house red'.

[disgruntledphd2]

Yeah, but they mostly can't tell the difference in blind tests.