Reported about 6 hours ago
The U.S. spirits industry is lobbying for exemptions from potential universal tariffs proposed by the incoming Trump administration, which plans to impose a 10% tariff on foreign imports to reduce the trade deficit. The Distilled Spirits Council emphasizes that many spirits like Scotch whisky and tequila can only be produced in specific regions and that these tariffs could significantly impact the hospitality sector. The Council is set to engage with various Trump administration officials to advocate for their case.
Source: YAHOO