The Trade War Continues Hitting American Drinks

shutterstock_1046000815.jpg

The trade war continues to threaten American drinks. In response to the Trump Administration's decision to place tariffs on European goods, the European Union placed tariffs on American goods--including whiskey. CBS News explains below:

What American whiskey makers have dreaded is becoming reality. The European Union will start taxing a range of U.S. imports on Friday, including Harley-Davidson (HOG) bikes, cranberries, peanut butter, playing cards and whiskey. The union is responding to President Donald Trump's decision to slap tariffs on European steel and aluminum.

American distilleries large and small have watched warily as the threat of tariffs from Europe ratcheted up in recent weeks. And while larger, corporate-owned facilities tend to do the most business overseas, small and midsize companies could be especially vulnerable because they lack the ability to stockpile reserves and take other protective steps.

The whole article is available here.