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Retaliatory tariffs dry up U.S. whiskey exports as foreigners ‘ghost’ American suppliers

Elisabeth Buchwald
Retaliatory tariffs dry up U.S. whiskey exports as foreigners ‘ghost’ American suppliers

The American whiskey industry’s successful push to export — particularly important as local competition has intensified — has suddenly dried up after the imposition of retaliatory tariffs. For the first half of 2018, American whiskey exports to the European Union - which accounted for nearly 60% of all American whiskey exports - were up 33% compared to the first half of 2017, according to a report from the Distilled Spirits Council, which represents U.S. manufacturers. This is a result of the 25% import tariff the EU imposed on American whiskey in June 2018, shortly after President Trump imposed tariffs on steel and aluminum imports.