European Union Whiskey Tariffs Threaten US Bourbon Industry

by Jessie Donofrio on Jul 10, 2018 in Liquor

Bad news for bourbon tipplers in Europe - last week, the EU began enforcing a new 25% tariff on US whiskey and bourbon imports, impacting over €2.8 billion worth of goods.

The new taxes were a response to Donald Trump’s ongoing trade war and tariffs on European steel and aluminum, which are also at a 25% rate. Whiskey isn’t the only US item to be hit with the taxes, European consumers will also see higher prices for Harley Davidson bikes and orange juice as well.

According to Forbes, the EU isn’t the only country upset with Trump’s tax policies—China and Mexico have both imposed 25% tariffs on US whiskey—causing Jack Daniel’s parent company’s stock to drop. Turkey, which is a $20 million market for US whiskey, has even imposed a giant 40% tariff on the good.

It’s not all bad news for American whiskey distillers, with the UK’s exit from the EU soon, it is rumored that they could become a potential trade partner loosening the current regulations for whiskey to be sold in the nation.

Nevertheless, whiskey is a giant industry in the US with over 1.5 million jobs relying on it. In a note delivered to the US Commerce Secretary, the Distilled Spirits Council stressed the importance of the industry: “Over the past two decades, U.S. spirits exports have increased from $575 million in 1997 to $1.64 billion in 2017, a rise of 185 percent. The imposition of these tariffs by our major trading partners threatens to seriously impede export progress that has benefited our sector and created jobs across the country.”

Photo via Drink Philly & Walnut Street Café
Recent Articles
spacer

Feedback

How are we doing? Tell us what you like or don't like and how we can improve. We would love to hear your thoughts!

*Name:
*E-mail:
*Suggestions:
 
Denver Road Trips: Where to Drink on a Crested Butte Bar Crawl

Denver Road Trips: Where to Drink on a Crested Butte Bar Crawl

Crested Butte is one of Colorado's best loved mountain towns. Filled with spectacular scenery that you can ski in winter and bike and hike in summer, ...read more ›

by Carrie Dow Sep 14, 2018
10 Barrel Brewing Creates Beer to Celebrate America's Last Blockbuster Store

10 Barrel Brewing Creates Beer to Celebrate America's Last Blockbuster Store

Bend, Oregon's 10 Barrel Brewing created "The Last Blockbuster," a beer to celebrate the last Blockbuster Vide...read more ›

by Jessie Donofrio Sep 12, 2018
You Can Bathe in Beer at this Japanese Resort

You Can Bathe in Beer at this Japanese Resort

A resort in Japan is combining a natural hot spring with beer to create a one of a kind "beer bath."...read more ›

by The Drink Nation Sep 5, 2018
SPONSORED
Drink Nation Store Rectangle
Del Frisco's Grille Has a New Happy Hour Menu
by Carrie Dow Sep 5, 2018
Brewdog Opens Craft Beer Hotel Inside Brewery With Beer on Tap in Rooms in Ohio

Brewdog Opens Craft Beer Hotel Inside Brewery With Beer on Tap in Rooms in Ohio

Columbus is now home to a beautiful new beer hotel, with the opening of BrewDog's DogHouse Hotel in Ohio. ...read more ›

by Jessie Donofrio Sep 4, 2018
Death & Co., One of the World's Best Cocktail Bars, is Opening in L.A.

Death & Co., One of the World's Best Cocktail Bars, is Opening in L.A.

NYC-based bar Death & Co., which was a pioneer of the craft cocktail movement, is opening its third location i...read more ›

by The Drink Nation Aug 21, 2018
Heaven Hill is Suing Bob Dylan's Whiskey Brand, Heaven's Door, For Trademark Infringement

Heaven Hill is Suing Bob Dylan's Whiskey Brand, Heaven's Door, For Trademark Infringement

Heaven Hill Distillery is suing Bob Dylan's fledgling whiskey brand, Heaven's Door, for trademark infringement...read more ›

by The Drink Nation Aug 21, 2018
Denver's Most Instagrammable Drinks

Denver's Most Instagrammable Drinks

We'd love to see your pretty drinks, Denver....read more ›

by Carrie Dow Aug 21, 2018
You Can Now Drink Rose Wine Out of Resealable Cans

You Can Now Drink Rose Wine Out of Resealable Cans

The Drop, a company which has been releasing canned wine since 2016, has a new innovation - a resealable can for their rose wine....read more ›

by The Drink Nation Aug 1, 2018
Pumpkin Wine is Coming, Just in Time for Autumn

Pumpkin Wine is Coming, Just in Time for Autumn

It's only mid-summer, but if you're already ready for fall, you can get started now with a bottle of pumpkin wine....read more ›

by The Drink Nation Jul 24, 2018
SPONSORED
Drink Nation Home Bar Project Rectangle
View all Articles

Sign up to get weekly drinking news, bar reviews, events and more sent directly to your inbox!

Close