Sens. McConnell, Paul Urge Biden Administration to Protect American Jobs, Remove Retaliatory Tariffs on Bourbon and Spirits

Press Release

Date: Dec. 5, 2023
Location: Washington, DC
Issues: Taxes

"We write today to request an expedited agreement with the European Union (EU) to secure the permanent removal of retaliatory tariffs on spirits and wines. We are deeply concerned that a lack of a permanent solution risks the re-imposition of tariffs.

Spirits have had a significant cultural impact in our country, and currently have a profound impact on the U.S. economy. In 2022 alone, U.S. distilled spirit exports reached $2.06 billion. But the impact of the retaliatory tariffs was devastating…Our belief is that the imposition of additional tariffs on this industry is detrimental. There are mutual benefits in finding a path forward, and our belief is that spirits and wines are a point where there can be consensus to limit the damage for all parties."


Source
arrow_upward