After the imposition of U.S. tariffs on steel and aluminum from the EU, the economic bloc has wants to introduce retaliatory tariffs on products from America as of July 1, 2018. Among the goods that the EU wants to penalize is bourbon whiskey.
The new whiskey tariffs are hitting states like Tennessee and Kentucky, solid red states, the hardest. Trump carried Kentucky by 62.5 percent and Tennessee by 60.7 percent in 2016. For whiskey giants like public Brown Forman, which owns Woodford Reserve, Jack Daniels and Old Forester, China is important to future growth. American spirits exported to China grew by almost 1,200 percent between 2001 and 2017, according to the Distilled Spirits Council.
Who are the biggest consumers of American whiskey outside the states:
Nations that import more than China include:
Sensational journalism has no place in the world of professionlism, and sensational business journalism is pure trash.