Tag Archive: Tariffs

Trump Ups Ante On E.U. Drinks Tariffs, Threatening 200% Levy

With heightened tariffs looming on both sides of the Atlantic, wine and spirits players at all three tiers are bracing for increased costs and lower margins. Continue reading →

Drinks Industry Hopes For Tariff Carveout

Drinks industry operators continue to hold out hope for an exemption from U.S. tariffs on products from Canada and Mexico, especially after yesterday’s news that the auto industry has received a one-month reprieve from the levies. Continue reading →

DISCUS Hails India’s Slashing Of Bourbon Tariffs

DISCUS: Spirits’ Share Growth Continues, Tariffs A Threat To Progress

The Distilled Spirits Council of the United States (DISCUS) reported that spirits volumes in the U.S. grew 1.1% to 312.2 million cases in 2024, while supplier sales by value dropped 1.1% to $37.2 billion. Continue reading →

Canada, Mexico Tariffs Paused For One Month

President Trump has paused his planned 25% tariffs on Canadian and Mexican goods for one month, after both countries pledged to beef up border security to address trafficking of fentanyl and other drugs. Continue reading →

Trade Groups Urge Talks To End Tariffs

President Trump followed through Saturday on his threat to levy 25% tariffs on all goods from Mexico and Canada, with one exception being energy imports from Canada, which will face a 10% tariff. The drinks industry had hoped to gain a carve-out from the new tariffs, but those pleas were denied. Trump also said he intends to impose tariffs on the European Union looking ahead, in another move with significant implications for imported spirits and wine. On Monday, Trump paused the tariffs on Mexico for one month after an agreement with the Mexican government. Continue reading →