|
|
Whiskey tarriffs When Mexico retaliated against the U.S. on trade last week, Tennessee-made whiskey was among products hit, prompting distillers to urge new trade policy from the Trump administration. The Distilled Spirits Council wrote to U.S. Commerce Secretary Wilbur Ross on Thursday, asking to meet with him to work on a trade solution that would not harm the spirits sector. The letter comes two days after Mexico placed a 25 percent tariff on U.S. whiskey, and as Canada, the European Union and other countries are proposing their own spirits tariffs in response to steel and aluminum tariffs from the Trump administration. "We are extremely concerned about the increasing likelihood that the European Union, Canada, Turkey and/or China will soon begin retaliating against the U.S. distilled spirits products," Distilled Spirits Council Interim CEO Clarkson Hine says. "The imposition of tariffs on these products by our major trading partners threatens to seriously impede the export progress that has benefitted our sector and created jobs across the country." Whiskey is a major driver in Tennessee's economy, with exports valued at $691 million in 2015. Jack Daniel’s sells whiskey to more than 160 countries, with foreign sales accounting for 60 percent of the company’s overall market share. U.S. whiskey exports to Mexico exceeded $13 million in 2017, the council said. The European Union has threatened a 25 percent tariff on U.S. whiskey imports which could be imposed as early as June 20. U.S. whiskey exports to the EU were valued at $667 million, according to the council.
|
Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
|
|
|