Exclusive news and research on the wine, spirits and beer business

China To Move Forward With Tariffs On American Whiskey

June 19, 2018

China has joined the list of countries imposing new tariffs on American whiskey, making the move in response to the Trump administration’s new tariffs on $50 billion worth of Chinese goods. China now plans to impose a 25% tariff on American whiskies—as well as electric cars, soybeans, orange juice, cigars, and other products—beginning July 6. While China remains a small market for American whiskies, with imports worth about $6 million last year, the new tariffs threaten to stunt growth just as the American whiskey renaissance increasingly spreads overseas. China’s tariffs on American whiskies follow similar moves by Mexico, Canada, and the European Union, all of which are also hiking levies in retaliation for new steel and aluminum tariffs raised by the Trump administration.—Daniel Marsteller

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged :

Get your first look at 2017 data and 2018 projections for the wine and spirits industries. Order your 2018 Impact Databank Reports. Click here.

Previous :  Next :