Whiskey makers face worsening hangover from trade dispute
March 21, 2021
LOUISVILLE, Ky. (AP) — A hangover from Trump-era tariff disputes could become even more painful for American whiskey distillers unless their entanglement in a trans-Atlantic trade fight is resolved soon.
Bourbon, Tennessee whiskey and rye whiskey were left out of recent breakthroughs to start rebuilding U.S. trade relations with the European Union and the United Kingdom in the wake of Donald Trump's presidency. Tariffs were suspended on some spirits, but the 25% tariffs slapped on American whiskey by the EU and UK remain in place. And the EU's tariff rate is set to double to 50% in June...