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US Considers New Tariffs on European Beer & Gin

The US Trade Representative is considering applying new tariffs on European exports including beer and gin. The Distilled Spirits Council of the US has strongly opposed the new tariffs, noting that it would escalate an ongoing trade dispute that has already caused American whiskey exports to the EU to drop 33%. Additionally, the proposed tariffs would likely hurt the big international players such as Remy Cointreau, Pernod Ricard, and William Grant & Sons among others.

Source: IBTimes, June 2020