Recent concerns from liquor lobbyists in Brussels center around the risks of upcoming tariffs on American whiskey due to changing political dynamics, particularly with Trump re-entering office. Following a period of trade tariffs instituted under the previous administration, the spirits industry anxiously anticipates the resumption of a 50 percent tariff on American whiskey after March 31, 2023. This could severely impact exports, especially to key markets like Germany and France, prompting industry leaders to seek urgent assistance from policymakers to avert a trade crisis.
The levies were suspended during the Biden administration, but with Mr. Trump back in office and trying to rewrite the rules of global trade once again, alcohol is back in the crossfire.
Industry leaders and craft distillers say the taxes would decimate their export business, especially in growth markets like Germany and France, while risking retaliatory tariffs that would hit other kinds of alcohol.
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