American Whiskey Exports Down 33% Due to Tariffs

Dear Client:   Two years after the European Union imposed a 25% tariff on American whiskey, American whiskey exports to the EU have dropped by about 33%, according to a recent report from the Distilled Spirits Council.  You may recall, the trade dispute kicked off in March 2018 after President Trump announced plans to impose a 10% tariff on imported aluminum and steel, which took effect shortly after. This was met with immediate backlash from China, the EU, Canada and Mexico,