Tariff Pressures through the Retailer & Distributor Lens

Dear Client: On Friday President Trump announced a few changes to current tariffs, rolling back tariffs on more than 200 food products. Unfortunately, wine and spirits didn't make the cut, meaning there is still a 10% tariff on UK imports and a 15% tariff on imports from the EU.  "Not including EU and UK spirits on the list of tariff modifications is yet another blow to the US hospitality industry just as the critical holiday season kicks into high gear,"