The Kentucky Distillers’ Association this week released a statement regarding the removal of tariffs on Kentucky Bourbon and other spirits: After three long years, it’s time to raise a glass. The Kentucky Distillers’ Association and its 51 member companies are thrilled at the announcement that … Continue readingKentucky Distillers’ Association Issues Statement on Removal of Tariffs
Over the past three years, American whiskey exports dropped 37 percent, from $702 million to $440 million due to European Union tariffs. With bourbon being in Sen. Mitch McConnell’s backyard, after Trump’s steel tariffs, European lawmakers hit American industry where key political leaders lived. Most … Continue readingAfter 3 years, Whiskey Tariffs End
For the first time in the modern era of American whiskey, Kentucky has 10 million barrels of Bourbon aging in distillery warehouses across the Commonwealth – or more than two barrels per every person. Kentucky’s population is about 4.51 million, according to U.S. 2020 Census … Continue readingKentucky Now Has 10 Million Barrels of Bourbon Aging – Double the Population
The European Union said today it will postpone its plans to raise tariffs on American whiskey and other products to 50%; the increases were set to go into effect June 1. The Biden administration is in talks with the EU toward lifting U.S. steel tariffs … Continue readingAmerican Whiskey Distillers Praise EU Agreement to Pause Tariff Increases
The Toasts Not Tariffs Coalition, 48 associations representing the entire three-tier chain of the U.S. alcohol industry, sent a letter today to U.S. Trade Rep. Ambassador Tai, U.S. Dept. of Agriculture Secretary Vilsack and U.S. Dept. of Commerce Secretary Raimondo to urge the immediate removal of … Continue readingToasts Not Tariffs Appeals to Biden Administration to End Tariffs on Spirits, Wine
Tariffs imposed on U.S. spirits due to international trade disputes slashed the exports of Kentucky Bourbon by 35% overall in 2020, the Kentucky Distillers’ Association announced. Shipments to the European Union fell by nearly 50%. The EU is expected to double the tariffs imposed on American whiskey, which would … Continue readingGlobal Tariffs Slash Kentucky Bourbon Exports by 35% in 2020, Per KDA