Spirit Cruises Summer 2019 Leaderboard

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:
 
The Damage of Trump's Wine Tariffs: Importers Expect Shutdowns & Layoffs, Industry Could Be Irreparably Harmed

The Damage of Trump's Wine Tariffs: Importers Expect Shutdowns & Layoffs, Industry Could Be Irreparably Harmed

The wine industry in the United States may be in serious jeopardy thanks to proposed tariffs by the Trump admi...read more ›

by Nina Starner Dec 23, 2019
Best Bars for Outdoor Drinking in Philadelphia, 2019

Best Bars for Outdoor Drinking in Philadelphia, 2019

Whether it's to enjoy the first warm breezes of spring or the unexpected sunshine of a crisp day in fall, Philadelphia is full of great places to drin...read more ›

by Drink Philly Apr 11, 2019
Royal Boucherie Now Offers a Three Course Lunch Special With a $25 Prix-Fixe & $2 Martinis

Royal Boucherie Now Offers a Three Course Lunch Special With a $25 Prix-Fixe & $2 Martinis

Nicholas Elmi's Old City spot, Royal Boucherie, is offering the best lunch special in the city: $2 martinis wi...read more ›

by Drink Philly Dec 9, 2019
SPONSORED
Drink Nation Store Rectangle
The Best Cocktail Bars in Philadelphia

The Best Cocktail Bars in Philadelphia

Here it is - the definitive list of Philadelphia's best cocktail bars....read more ›

by Drink Philly Dec 13, 2017
Drink Philly's Repeal Eve Ball Recap (PHOTOS)

Drink Philly's Repeal Eve Ball Recap (PHOTOS)

On the evening of Wednesday, December 4, partygoers raised a glass to the end of Prohibition and the passing of the 21st Amendment at Drink Philly's R...read more ›

by Drink Philly Dec 9, 2019
Prohibition Taproom is More Than Just Beer: An Inside Look at Their Cocktail Program

Prohibition Taproom is More Than Just Beer: An Inside Look at Their Cocktail Program

Prohibition Taproom, one of Philly's most beloved neighborhood bars, is definitely known for its beer and cide...read more ›

by Drink Philly Nov 19, 2019
Behind the Bar: Resa Mueller of R&D, Pizzeria Beddia, and Lalo

Behind the Bar: Resa Mueller of R&D, Pizzeria Beddia, and Lalo

For this installment of Behind the Bar, we sat down with Resa Mueller, who bartends at both R&D and Pizzeria Beddia and owns Lalo, The Bourse’s Fili...read more ›

by Drink Philly Nov 19, 2019
Celebrate the End of Prohibition at Drink Philly's Repeal Eve Ball, December 4

Celebrate the End of Prohibition at Drink Philly's Repeal Eve Ball, December 4

Get your Repeal Day party started early at Drink Philly's Repeal Eve Ball on Wednesday, December 4 from 7 PM -...read more ›

by Drink Philly Nov 15, 2019
Where to Host a Private Event in Philadelphia

Where to Host a Private Event in Philadelphia

Whether it's for the holidays or you have a special birthday coming up, Philadelphia has some amazing options when it comes to event spaces. ...read more ›

by Drink Philly Nov 26, 2018
Vernick Wine, A Bottle Shop & Private Events Space, is Now Open in Rittenhouse Square

Vernick Wine, A Bottle Shop & Private Events Space, is Now Open in Rittenhouse Square

Vernick's original Rittenhouse Square location has a brand new neighbor; its own bottle shop and private event...read more ›

by Drink Philly Nov 14, 2019
SPONSORED
View all Articles

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

Close