US EditionDistilled spirits industry braces for impact amid Trump's new tariffs
- President Trump announced global tariffs, which included a minimum 10% tariff on imported goods.
- These tariffs followed a period of zero tariffs between the U.S. And EU , after which retaliatory tariffs impacted American whiskey exports.
- The tariffs could profoundly affect alcoholic drink sellers and purchasers, with nations expected to retaliate against U.S. Exports.
- Chris Swonger, CEO of the Distilled Spirits Council, said distilled spirits historically were exported tariff-free to 51 markets.
- Analysts suggest U.S. Drinkers may pay more for certain beverages, with potential job losses and economic implications on both sides.
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Kentucky Bourbon industry caught in middle of global tariff war
Bryan Woolston/Getty Images (NEW YORK) — The Kentucky bourbon industry said it is reeling from retaliatory actions taken by Canada and the European Union in response to President Donald Trump’s trade war against both global regions. More than 90% of the world’s bourbon is from Kentucky, which advocates say is now jeopardized. Last month, the EU announced it plans to impose a 50% tariff on all American whiskey in response to Trump’s decision to b…
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