Tariffs hit American whiskey producers hard in Europe

"American whiskey distillers have watched more than $300 million in export revenues evaporate in the two years since becoming entangled in a trade dispute between the Trump administration and the European Union, according to estimates in a new report.

Exports of American whiskey—mostly bourbon, Tennessee whiskey, and rye whiskey—to the EU have fallen 33% since the EU imposed a retaliatory tariff on those products on June 22, 2018, according to the report issued Monday by the Distilled Spirits Council of the United States."