Bipartisan Group Of Senators Call For Ending Tariffs On E.U. Wines And SpiritsAugust 11, 2020
With another key USTR decision on tariffs approaching, a bipartisan coalition of U.S. senators is urging the removal of existing tariffs on food, wine, and spirits from the European Union.
According to Reuters, the group of 13 senators noted in a letter to the USTR that amid 25% tariffs on single malt Scotch whiskies and wines from France, Spain, and Germany, “demand for these goods has declined, leaving importers and distributors with months’ worth of product, much of it perishable, in storage and in transit with no clear end date for the Covid-19 pandemic.”
They added that “restaurants, retailers, grocers, importers, and distributors” have been unintended casualties of the trade war and are facing “severe economic hardship due to the increased cost of goods.” The USTR is slated to review the tariffs in question—and possibly make additions or subtractions—on August 12.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Tariffs