Tariffs Have Caused Disdain For American Businesses

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Export trouble.  One year in, many wine producers say tariffs have not helped them, and some countries are rejecting U.S. wine altogether.

The resistance to American products overseas has been especially painful for wine producers who had significant export markets, like Kutch Wines, which makes small amounts of exquisite pinot noirs and chardonnays from the Sonoma Coast and the Santa Cruz Mountains.

Another California winemaker, Ridge Vineyards, a much bigger producer than Kutch, produces 28% of its sales through exports.

“Export has always been a big part of our business, and we’ve seen the effects,” he said. “The reaction was immediate and severe. Canada just stopped importing. It was our third-largest export market after the United Kingdom and Japan, and it just went away," says John Olney, Ridge's chief executive and head winemaker.

Since taking office last year, President Trump imposed tariffs on virtually all products imported into the United States. These tariffs have caused disdain for American businesses.

The Ever-Growing Small Business Export Market

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Whether it's Mississippi, Massachusetts or Main, exporting is a great way to great your business.

"Businesses that export generally earn higher revenues, create more jobs, pay higher wages and are less likely to go out of business," [Arun] Venkataraman [Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service, Jackson, MS] said. "My priority is to expand the pool of exporters to include (Mississippians) and diverse businesses."

Small business exporters are essential to building a robust, dynamic, and equitable economy," Venkataraman goes on to say. "We want to help support that effort."

Are You Playing in the $2.2 Trillion Export Market?

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My friend and respected colleague, Anita Campbell, who runs the wildly popular Small Business Trends, writes a great article for the OPEN Forum at American Express on the benefits to exporting.

More small businesses are exporting their goods and services. Don't miss out on this revenue-boosting opportunity.

Read the entire article:  The $2.2 Trillion Market You Could Be Missing Out On

Not sure on how to get started and play in the export market?  We've got you covered.  Go here.