Tariffs Hit American Whiskey Producers Hard In Europe
A new report says American whiskey distillers have watched more than $300 million in export revenues evaporate since a trade dispute broke out between the U.S. and European Union.
Exports of American whiskey to the EU have fallen 33% since the EU started a retaliatory tariff on those products two years ago. That's according to a report issued Monday by the Distilled Spirits Council of the United States.
American whiskeys include bourbon, Tennessee whiskey and rye whiskey.
The EU targeted American whiskey and other U.S. products in response to President Donald Trump’s decision to impose tariffs on European steel and aluminum.