Whiskey tariffs: U.S., EU reach deal to suspend taxes
Dec 20, 2023 · U.S. whiskey distillers are breathing a sigh of relief as they will avoid a looming 50% tax on shipments to Europe. The European Union said Tuesday it would extend the suspension of tariffs on...
The E.U. Tariff on American Whiskey Will Be Suspended Into 2025
Dec 20, 2023 · American whiskey distilleries have something to celebrate this holiday season with the announcement that the suspension of European Union tariffs on their spirits will be extended through...
American Whiskey Could Soon Be Subject To Massive New Tariffs ... - Forbes
Oct 18, 2023 · According to data from the Distilled Spirits Council, American whisky export revenue plunged some 20% as a result of the added tax—from $552 million in 2018 to $440 million by 2021. In June of...
European Union Agrees to Delay 50% Tariff on American Whiskey …
Dec 19, 2023 · The European Commission in working with the Biden administration has agreed to delay a 50% tariff on American whiskey for 15 months.
EU extends American whiskey tariff suspension
Dec 19, 2023 · In January 2022, the EU placed a two-year suspension on its 25% tariff on American whiskey imports. Had an agreement not been reached by 1 January 2024, the tariffs were to be reinstated and...
American whiskey producers welcome extended suspension of EU tariffs
Dec 21, 2023 · The US and EU have agreed to extend the suspension of tariffs relating to the steel and aluminum industries until March 2025: good news for American Whiskey.
DELIGHT AT TARIFF SUSPENSION BY EU UNTIL MARCH 2025
Jan 1, 2024 · A deal to avoid the reimposition of tariffs on American whiskies from 1 January 2024 by the European Union has been broadly welcomed by the Distilled Spirits Council of the US (Discus), the national trade association representing producers and marketers of distilled spirits sold in America.
When the Ball Drops on Bourbon: Distillers Face… | Frost Brown Todd
Dec 7, 2023 · On New Year’s Day, the current suspension of EU tariffs is slated to expire and will double from 25% to 50% on American whiskey (bourbon, rye, Tennessee and other whiskeys).
American whiskey could face 50% EU tariffs from January
In October 2022, the US and EU agreed to suspend the EU’s 25% retaliatory tariff on American whiskeys for two years starting 1 January 2022. As a result of the tariff suspension, American whiskey exports to the EU increased by 29% in 2022 compared to …
European Union pushes back American whiskey tariff …
Dec 21, 2023 · The EU hit American whiskey with a 25% tariff back in 2018 during a trade row that dates back to the Trump administration. The high level remained in place until January 2022, during which time exports slumped: Figures cited by Global Drinks Intel last May showed that the value of US whiskey shipments to the EU between 2018 and 2021 declined by ...
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