US whiskey makers about to get soaked by higher tariffs
NY Post
President Trump’s lingering trade wars are about to soak American whiskey makers even as the rest of the US booze industry celebrates a recent lifting of tariffs on wine, vodka and rum.
Major US whiskey brands — from Woodford Reserve to Jim Beam and Maker’s Mark — have been on the rocks since 2018 over massive 25 percent tariffs imposed on their sales to Europe and the United Kingdom — thanks to a Trump-era war on steel and aluminum imports. Now, even as the Biden administration works to rebuild US trade relations with Europe and the UK, tariffs on US whiskeys are poised to double on June 1 to 50 percent. Distillers say their sales to Europe, a key market for whiskey, will be put on ice indefinitely if that happens.More Related News
I can’t tell you if Donald Trump will spend a day in jail after a Manhattan jury’s guilty verdict in that absurd hush-money case. What I can report with a great degree of certainty is that Trump isn’t a guy acting particularly worried about the outcome; in fact, he thinks it’s going to propel him back into the White House.