22 Oct Alcohol Industry Fallout Over US-EU Tariff
Alcohol-industry trade bodies on both sides of the globe have expressed disappointment that the “framework agreement” on trade between the US and the EU sees European products facing a 15% tariff, with no exemption provided for the alcohol industry.
From the EU perspective, this tariff is considered damaging to businesses as many companies cannot maintain their exports at this tariff level, which will subsequently stop any US investments. Similarly, US industry participants feel this tariff is impacting their ability to plan for future export and job growth without the fear of retaliatory tariffs returning. However, both sides remain hopeful that the situation may change and that an exemption will be applied to alcohol trade.
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