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TRUMP’S TRADE WAR SET TO SLAM U.S. BOURBON AND WHISKEY PRODUCERS
Jun 7, 2018
(Vinepair) - On Thursday, May 31, the Trump administration imposed tariffs on imported steel and aluminum products from the E.U., Canada, and Mexico. Yet the latest “America first” policy looks set to cause as much damage to U.S. industry, including whiskeyand bourbon distillers, as it does the nation’s foreign allies.
In response to the 25 percent tariff on steel and 10 percent tariff on aluminum, both the E.U. and Canada announced their intentions to take immediate retaliatory action.
European Commission President Jean-Claude Juncker hit out at the “protectionist” policies, saying that the Commission would react by taking its case to the World Trade Organization, as well as imposing “additional duties on a number of imports from the US.”
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