Interest in Mana Wine Bonded Warehouse Accelerating as Tariff Worries Grow
Interest in Mana Wine Bonded Warehouse Accelerating as Tariff Worries Grow
JERSEY CITY, N.J.--(BUSINESS WIRE)--As the business community scrambles, reacting to the escalating global tariff war, interest in Jersey City’s Mana Wine bonded warehouse is growing fast. In particular, wine and liquor importers who have large shipments of foreign-made alcoholic beverages en route to the US are reaching out to Mana Wine as a result of President Trump’s threatened 200% tariff on foreign wine and liquor imports. The importers are faced with the prospect of either having to pay these hefty tariffs and turning their pricing model upside down or housing that inventory in a bonded warehouse once it crosses borders or reaches US shores.
“While we offer standard warehousing services for many commercial clients, our bonded warehouse is particularly attractive to importers right now given the pending tariffs.” - Avner Schneur, Mana Wine CEO
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Bonded warehouses are secure storage facilities where businesses can store products imported from foreign countries in order to delay payment of import taxes and duties. If goods such as wine and liquor are delivered to a bonded warehouse upon arrival in the US, those goods are effectively considered still in transit to their final destination and payment of the taxes, fees and tariffs can be avoided as long as they remain in the bonded facility.
Mana Wine CEO, Avner Schneur, says, “Mana Wine has the expertise, resources and facilities to serve the entire breadth of the wine and liquor industry – from individual collectors to the largest importers.” Schneur goes on to add, “While we offer standard warehousing services for many commercial clients, our bonded warehouse is particularly attractive to importers right now given the pending tariffs.” The temperature and humidity-controlled Mana Wine bonded warehouse is conveniently located just minutes from major ports and a stone’s throw from the Holland Tunnel.
Mana Wine’s private collectors and standard warehouse commercial clients also take advantage of Mana Wine’s logistics and delivery services; moving inventory from the warehouse to residential and commercial addresses, as required.
About Mana Wine
Mana Wine provides wine storage and wine delivery services to all five boroughs of New York, Long Island, New Jersey and the Connecticut coast. Our clients are private wine collectors, restaurants, wineries, fine wine retailers, wine associations, PR agencies, and other commercial enterprises such as wine and alcohol importers. Storage options include private collector open shelving, private lockers, commercial warehouse storage and bonded warehouse space.
Contacts
Mike Aaron
646-522-1342
maaron@grmdocument.com