US considers tariffs on vodka and gin

The US is considering additional tariffs on imported spirits – including gin and vodka from the UK, Germany, France and Spain – due to an ongoing aircraft subsidies dispute with the EU. The US introduced a 25% tariff on single malt Scotch, single malt Irish whiskey and liqueurs from the EU last October. The tariffs were put in place due to a dispute between the EU and US over subsidies for plane manufacturer Airbus, which…

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Tariffs cause 33% fall in American whiskey exports

Exports of American whiskey to the EU have plummeted by a third since the EU introduced a 25% retaliatory tariff in June 2018, new research has revealed. According to a new report released by the Distilled Spirits Council of the US (Discus), American whiskey exports to the EU – the US spirits industry’s largest export market –dropped from US$747 million to US$501m between June 2018 and April 2020 – a decline of 33%. The EU…

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Tariffs push New York Distilling to change whiskey recipe

New York Distilling Company (NYDC) has tweaked one of its whiskey recipes to include liquid under three years old in order to “continue being competitive” in the UK, as EU-US tariffs remain in place. A statement released by the American distillery said it was “one of the many American brands” that had been affected and part of a 27% decrease in US spirits exports to the UK and EU in the last year. The EU…

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Tariffs cause growth slowdown in US Scotch exports

Scotch whisky exports grew 4.4% to £4.91 billion (US$6.3bn) in 2019, with exports to the US falling by 25% during the fourth quarter following the implementation of tariffs on single malts. According to HMRC figures released by the Scotch Whisky Association (SWA), the volume of Scotch exports increased by 2.4% to 1.31bn 700ml bottles. The SWA said the growth was boosted by Asia and Africa, which grew by value by 9.8% and 11.3% respectively. The…

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Diageo voices concern over tariff impact on smaller Scottish distillers

Johnnie Walker owner Diageo has warned the US tariffs on single malt Scotch will have a “serious” impact on smaller distillers in Scotland, and could cause thousands of job losses across the sector. In October 2019, the US slapped a 25% tariff on imports of single malt Scotch whisky to the US over an ongoing dispute regarding EU and US subsidies to Airbus and Boeing. Last week, Johnnie Walker owner Diageo released its financial results for…

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