Posted 12/11/2023, 9:00:00 AM
Biden Urged to Block 50% Tariff Hike on US Whiskey Exports to EU
- Bipartisan lawmakers urge Biden to prevent 50% tariff on US liquor exports to EU from taking effect Jan 1
- Tariffs originally imposed in 2018 trade dispute; temporary suspension set to expire
- US whiskey exports fell 20% from $702M to $440M between 2018-2021 due to tariffs
- Hospitality industry, retailers, grocers impacted; over $1.4B in related products/ingredients affected
- Small distilleries like Swilled Dog can't expand to Europe due to looming 50% tax increase