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Page 4 - Congressional Bourbon Caucus News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Trump-Era Trade Dispute Still Impacts Nation s Distilleries

PUBLISHED 1:09 PM ET Apr. 10, 2021 PUBLISHED 1:09 PM EDT Apr. 10, 2021 SHARE 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.

Congress Bourbon Caucus Asks U S to Get EU Spirit Duties Ended

Congress Bourbon Caucus Asks U.S. to Get EU Spirit Duties Ended Bloomberg 3 hrs ago Ana Monteiro and Eric Martin © Bloomberg Barrels of bourbon whiskey sit stacked in an aging warehouse at the Brown-Forman Corp. Woodford Reserve distillery in Versailles, Kentucky, U.S., on Thursday, Aug. 23, 2018. Brown-Forman Corp. will have to raise prices for its whiskey sold in the European Union following the implementation of a 25 percent tariff, according to spokesman Phil Lynch. (Bloomberg) Lawmakers from U.S. whiskey-producing states asked the Biden administration to negotiate an immediate end to all tariffs on American spirits, weeks before European Union and U.K. duties on American bourbon are set to double.

U S Representatives Renew Congressional Bourbon Caucus For The 117th Congress

U.S. Representatives Renew Congressional Bourbon Caucus For The 117th Congress U.S. Representatives Renew Congressional Bourbon Caucus For The 117th Congress Recently, two of Kentucky’s six members in the U.S. House of Representatives Democrat John Yarmuth and Republican Andy Barr announced the renewal of the Congressional Bourbon Caucus (CBC). Started in 2009 by Rep. Yarmuth, the CBC is a bipartisan group within the House that advocates on behalf of the U.S. bourbon industry and helping to educate their fellow lawmakers on the issues and regulations that are affecting distillers and distributors. Old Forester 150th Anniversary Bourbon from Kentucky (Image via Brown-Forman)

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