Question

Do the current trade protectionism policies benefit the U.S. wine industry? Use global economic theories

Answer 1

The U.S. is a major wine exporter with about 7 per cent of global exports in 2013. The U.S. wine industry has established a number of international trade barriers that could hinder exports of U.S. wines abroad. These include import tariffs; international wine producers ' subsidies and support; preferential market access, such as free trade agreements between the EU and other countries; conflicting standards of foreign wine composition; and a number of non-tariff barriers, such as state or regional monopolies, import licensing and customs clearance requirements, and wine labeling regulations

General trade barriers to U.S. wine exports include import tariffs in some countries (including China, Russia, Brazil, Vietnam and India); wine producers ' subsidies, such as EU direct payments to grape growers and wine producers as well as EU export refunds; preferential market access to other nations, such as free trade agreements between the EU and other countries, including EU wine producers

There has been some progress towards harmonization and mutual recognition, under the aegis of the WTO. Bilateral agreements have also progressed in the same direction, such as the US-EU Wine Trade Agreement. Such initiatives, however, weren't entirely effective or divisive. Just a few wine standards have been established, for example.

All protectionism is Political necessarily.   It requires State intervention in the free market, which favors certain groups over others. Protectionism typically redistributes money from customers to producers. Take the money when remembering who could benefit from through protectionism.