American-made whiskey sales have taken a hit in recent years due to high inflation.
However, tariff threats and a potential trade war with Canada and Mexico have the spirits industry on edge. Now, tariffs are threatened against the European Union.
The 27-nation trade bloc recently announced retaliatory tariffs, which are set to begin on April 1st.
American whiskey producers should see their tariff rates grow from 0 to 50%. Distillers say it would be catastrophic and could force many out of their largest export market.
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Weather-driven transportation disruptions can tighten logistics, affect basis levels, and delay grain movement during winter months.
Lower milk prices may pressure margins, but strong cattle values could soften near-term financial impacts.
Callahan is no stranger to agricultural trade and has been with the U.S. Trade Representative’s office since 2016.
