USTR Upholds Alcohol Tariffs on EU Exports

United States Trade Representative Robert Lighthizer announced on Aug. 12, that the U.S. will make modifications to the list of $7.5 billion worth of European Union exports facing retaliatory tariffs.

However, the U.S. decided to keep a 15% tariff on Airbus aircraft. In addition, it retained a 25% tariff on food, beverages and other products coming from Europe. These products include wine, whiskey, liquor and other European exports.

The EU countered the initial alcohol tariffs by implementing a retaliatory duty of 25%. This move lowered American whiskey exports to Europe by 33%.

READ MORE: Alcohol Tariff War Cripples Liquor Industry

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