Whiskey distillers cheer as EU, U.S. strike deal to avoid 50% tariff on exports to Europe
Publishing timestamp: 2023-12-20 11:59:02
Summary
The U.S. and EU have agreed to extend the suspension of EU tariffs on American whiskey until March 31, 2025. This avoids a looming 50% tax on shipments to Europe and provides relief for U.S. whiskey distillers. However, there are concerns about the impact on American whiskey export growth and the overall decline in whiskey popularity among American consumers.
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Keywords: politics, breaking news: business, business news, liquor, brown-forman corp, retail industry, food and drink, breaking news: politics,