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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.
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Return to Today's News Stories - Front PageFriday, February 15, 2019
Wilson charges are certified
Gardner convicted of aggravated sexual battery of a child
TVA moves away from coal
Alexander and Roe support budget legislation
Thursday, February 14, 2019
Cocke County schools closed on Friday
Students poorly prepared for college
TennCare expansion
STEM initiative
Cocke County Grand jury indicts several
Fine arrest
Wednesday, February 13, 2019
Newport receives $950,0000 state grant
Cocke County education
Newport City Council
Newport City Council
Newport City Council
Tuesday, February 12, 2019
Skimming arrests
Wyse sentencing
Cocke Finance Committee
Jimtown fire
Monday, February 11, 2019
DCS investigations
Efforts to restrict same sex marriage
UT Medical Center restricts visits
Gas prices move lower
Gas prices move lower
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