In good news for the many U.S. whiskey producers, the U.S. and EU reached a last minute-agreement to extend a suspension of EU tariffs on American whiskey. A 50% levy was set to take effect on January 1, 2024. Under the new agreement, this latest suspension will last until March 31, 2025. U.S. whiskey distillers […]
Tariffs
Tariffs impact spirits sales in both the U.S. and Europe
Tariffs imposed on both U.S. spirits and Scotch whiskey as a result of unrelated trade disputes have had a significant impact on spirit sales on both sides of the pond, according to industry figures. As a result of these tariffs, exports of Kentucky Bourbon fell 35% in 2020, with shipments to the European Union tumbling […]
BREAKING NEWS: U.S. suspends tariffs on single malt Scotch whisky
In a huge dose of good news for the travel retail industry, the U.S. has agreed to suspend tariffs on UK goods including single malt whiskies, it was announced this morning. The tariffs were imposed in retaliation over subsidies to the aircraft maker Airbus. The duties will be suspended for four months while the two […]
‘Lost decade of growth’ as tariffs and COVID hit Scotch Whisky exports
Global exports of Scotch Whisky fell by more than £1.1bn during 2020, according to figures released by the Scotch Whisky Association (SWA). The export figures are the lowest they have been in a decade, as the combined impact of COVID-19 and the 25% tariff in the United States hit distillers hard. In 2020, the export […]
DISCUS: Pandemic leads to major shift in U.S. alcohol buying habits
There is no question that spirits sales in travel retail are suffering but some positive news from U.S. domestic off-premise markets indicates strong consumer demand that spells optimistic potential recovery for travel retail post-COVID, particularly among more premium brands. The pandemic’s devastating impact on the U.S. hospitality industry in 2020 resulted in major shifts in […]
