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US Whiskey Loses Sales Following A Year of European Tariff Hike
The US and Europe have been having disputes over exports for about fifteen years. The whiskey industry took a hit after the EU raised taxes on whiskey exports coming from the US in June of 2018. After one year since the tariff hike, distillery makers, such as Mountain Laurel Spirits, lost at least 10 percent…
September 3, 2019, 8:56 AM UTC
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The US and Europe have been having disputes over exports for about fifteen years. The whiskey industry took a hit after the EU raised taxes on whiskey exports coming from the US in June of 2018. After one year since the tariff hike, distillery makers, such as Mountain Laurel Spirits, lost at least 10 percent in sales. European distributors of whiskey would not sell US exports as a result.
