The first round of Trump tariffs killed our E.U. business dead," Catoctin Creek Distillery founder and General Manager Scott Harris. "It would be hard to kill it further. We've instead shifted our focus to other markets like the U.K., Australia, Mexico and perhaps Taiwan. If you detect bitterness in my answer, it's because I am indeed bitter.
Donald Trump emerged victorious in the 2024 election as the first convicted felon to be elected, raising concerns over democracy and inflation, particularly within the spirits industry.
In March 2018, President Donald Trump imposed a 25% tariff on steel and a 10% tariff on aluminum imports, leading to distress in the American spirits market.
The brewing anxiety around Trump's potential impact on the spirits industry reflects worry about previous trade wars disrupting the market, highlighting the importance of stable trade policies.
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