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iDealWine Puts U.S. Investment on Hold After Raised Tariff

October 09, 2019

The auctioneer said in a statement that the imposition of the additional import tax on French, German and Spanish wines by the US was a troubling move and had made it rethink its investment in the country and potentially opening an office there. Although the US represents less than 5% of the auctioneer's annual turnover, but that grew 62% from January 2018 and September 2019 and as such it had been earmarked as "our main area of focus for international development" for the next five years, iDealwine explained in a statement.