PUBLISHED 1:09 PM ET Apr. 10, 2021
PUBLISHED 1:09 PM EDT Apr. 10, 2021
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WASHINGTON, D.C. — Whiskey Bar owner Bill Thomas described the situation American bourbon and whiskey distillers are facing as "catastrophic," caught up in a Trump-era tariff dispute for the past several years with no clear end in sight.
What You Need To Know
The EU and UK's whiskey and bourbon tariffs are set to double in June
The increase could crush American distilleries
Kentucky produces 95% of the world's bourbon supply
Democrats and Republicans are calling on the Biden administration to remedy the situation
"American whiskey is not being drunk abroad. Exports are down considerably. Small distilleries that made inroads into European markets, all of that capital that they used to open those doors, all of that has been eroded," said Thomas, owner and founder of Jack Rose Dining Saloon.