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Trade war truce boosts spirits of US whiskey distillers


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American whiskey makers, facing a market-killing 50% European Union tariff, were poured a temporary reprieve Monday when trade negotiators shelved the increased tax to bring some calm to talks over steel imports.
The United States and EU said the planned tariff increase from 25% to 50% will be iced during the new talks. The new talks also suspend other tariff increases on U.S. products, including motorcycles made by Harley-Davidson.
“This news couldn’t come soon enough,” said Chris Swonger, president and CEO of the Distilled Spirits Council, the industry lobbying group. “Distillers across the United States are breathing a huge sigh of relief after bracing for a 50% tariff on American whiskeys in just a matter of days that would have forced many craft distillers out of the EU market,” he added. ....

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Biden can't shake Trump era 50% whiskey tariff | Washington Examiner


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After a decadelong dream by Amir Peay to revive and relaunch historic James E. Pepper Distilling Co. in Lexington, Kentucky, the brand dating back to the American Revolution had exploded not just in U.S. markets when former President Donald Trump took office but also overseas.
“We were growing really fast,” said Peay. By 2018, European sales accounted for 10% of his bottom line, and he set a goal of 20%. “We invested a lot of time and money and effort to grow in 2018, and we had no reason to think we wouldn t. I mean, American whiskey was growing,” he said. ....

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